The Influence of New Rural Social Pension Insurance on Family Financial Fragility
In order to explore the role of the new rural social pension insurance,a social security policy,in the prevention of family economic risks,this paper analyzes the impact of the new rural social pension insurance on family financial vulnerability by using the survey data of Chinese family finance from 2017 to 2021.In order to solve the endogenous problems,this paper uses fixed effect model and instrumental variable method to estimate.Empirical research shows that the new rural social pension insurance can significantly alleviate the financial fragility of families.The results of mechanism analysis show that the increase in the number of people receiving new rural social pension insurance and new rural social pension insurance can help families resist the negative impact of medical risks and health risks on family financial vulnerability,and may also reduce family financial vulnerability by improving residents'mental health and promoting land transfer.The results of further analysis show that families can significantly increase family income,liquid assets and medical and health care expenditure,but have no significant impact on daily consumption and debt expenditure,thus reducing family financial vulnerability.The results of heterogeneity analysis show that receiving the new rural social pension insurance has a greater effect on alleviating the financial vulnerability of families living in rural areas,elderly families,families with low social networks and families not participating in commercial medical insurance.This paper can provide reference for the formulation of policies related to population aging,rural pension,rural family risk prevention and rural social security system construction.
New Rural Social Pension InsuranceFinancial FragilityMedical RiskHealth Risk
NETL
NSTL
万方数据
