The Power of Social Pensions: Evidence from China's New Rural Pension Scheme

• 成果类型: Article
• 署名作者: Huang, Wei; Zhang, Chuanchuan
• 署名单位: National University of Singapore; Emory University; National Bureau of Economic Research; IZA Institute Labor Economics; Zhejiang University; Central University of Finance & Economics
• 刊物名称: AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS
• ISSN/ISSBN: 1945-7782
• DOI: 10.1257/app.20170789
• 发表日期: 2021
• 页码: 179-205
• 关键词: labor supply responses; security; transfers; retirement; POLICY; income; benefits; WEALTH; HEALTH; REFORM

摘要

This paper utilizes the county-by-county rollout of China's New Rural Pension Scheme (NRPS) and finds that, among age-eligible people, the pension scheme leads to higher household income and food expenditure, less farmwork, better health, and lower mortality. In addition, the NRPS shifts age-ineligible adults from farmwork to nonfarmwork but does not significantly affect their income, expenditure, or health. No significant evidence shows that the NRPS affects private transfers or health behaviors. These findings provide relevant evidence of the impacts of social pensions on individual behaviors and welfare for developing countries today and developed countries in the past.