The Impact of Fiscal Subsidy on China’s New Rural Pension System

Benxi Lin, Yu Yvette Zhang, Zongjian Lin, Yongli Wang and Weiping Liu

No 236161, 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts from Agricultural and Applied Economics Association

Abstract: This paper studied the impact of fiscal subsidies on the participation rate and contributions of the rural residents in the China’s New Rural Pension Scheme (NRPS) program, where the fiscal subsidies include the incentive pension and the matching subsidy. The results showed that incentive Pension can significantly improve the rural residents' participation rates, but participation rate of young residents are less than the older residents. We also showed that matching subsidy does not affect the rural residents' participation significantly. Our results suggest that the current fiscal subsidies play an important role in the establishment and expansion of the NRPS program, but have not increased the participation rate of younger people, which was one of the initial goals of NRPS.

Keywords: Community/Rural/Urban Development; Institutional and Behavioral Economics; International Development; Public Economics (search for similar items in EconPapers)
Pages: 8
Date: 2016
New Economics Papers: this item is included in nep-age, nep-cna and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea16:236161

DOI: 10.22004/ag.econ.236161

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