Can China's new rural pension scheme alleviate the relative poverty of rural households? An empirical analysis based on the PSM-DID method

IF 1.2 4区 经济学 Q3 ECONOMICS
Limin Wen, Shufang Sun
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引用次数: 0

Abstract

Based on five-period panel data from the China Family Panel Studies 2010–2018, this paper uses the propensity score matching difference-in-differences (PSM-DID) method to comprehensively evaluate the effects of the New Rural Pension Scheme (NRPS) on alleviating rural households' relative poverty. At the same time, based on the theory of sustainable livelihoods of rural households, the mediating effects model is applied to analyse the mechanism of rural households' livelihood capital. The results of the study are as follows. (1) The NRPS helps alleviate the relative poverty of rural households. (2) The livelihood capital of rural households is an important mechanism for the NRPS to alleviate the relative poverty of rural households, and social capital, financial capital, and human capital all play a part in the mediating effect. (3) The results of the heterogeneity tests based on the stage of rural households' participation in the NRPS and the region of participation in the NRPS indicate that the governance effects of the NRPS on rural households' relative poverty are more significant among households in the contributory stage and the central and western regions. Additionally, the results are supported by robustness tests, such as replacing the dependent variable and the PSM method. The findings of this paper have important implications for the establishment of a long-term mechanism to address relative poverty and the construction of a more efficient and inclusive rural social pension insurance system in China and other developing countries.

中国新的农村养老金计划能缓解农村家庭的相对贫困吗?基于PSM‐DID方法的实证分析
本文基于2010-2018年中国家庭面板研究的五期面板数据,采用倾向得分匹配差中差差分(PSM-DID)方法综合评价了新农村养老保险计划(New Rural Pension Scheme, nps)对缓解农户相对贫困的效果。同时,基于农户可持续生计理论,运用中介效应模型分析农户生计资本的形成机制。研究结果如下:(1)新农保计划有助于减轻农村家庭的相对贫困。(2)农户生计资本是新农保计划缓解农户相对贫困的重要机制,社会资本、金融资本和人力资本都在其中起中介作用。(3)基于农户参与阶段和参与区域的异质性检验结果表明,农户参与阶段和中西部地区对农户相对贫困的治理效果更为显著。此外,通过替换因变量和PSM方法对结果进行了鲁棒性检验。本文的研究结果对中国和其他发展中国家建立解决相对贫困的长效机制,构建更高效、更包容的农村社会养老保险制度具有重要的启示意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
3.20
自引率
5.30%
发文量
36
期刊介绍: Australian Economic Papers publishes innovative and thought provoking contributions that extend the frontiers of the subject, written by leading international economists in theoretical, empirical and policy economics. Australian Economic Papers is a forum for debate between theorists, econometricians and policy analysts and covers an exceptionally wide range of topics on all the major fields of economics as well as: theoretical and empirical industrial organisation, theoretical and empirical labour economics and, macro and micro policy analysis.
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