Asset-based Income for Old-age Support:A New Path for Farmers to Supplement Their Old-age Income——Case Analysis Based on the Withdrawal of Land Contract Rights
In China,the rural elderly population is large in scale and the aging process is rapid. Solving the problem of insufficient income for rural elderly people is a practical approach to achieve common prosperity.The research found that the withdrawal of rural land contractual rights,as a new path for land asset construction,has great potential in supplementing income for rural elderly people. Farmers can exchange their land contract rights and management rights for one-time monetary and social security compensation,fully transform the land rights and interests into pension benefits,and realize the transformation of land assets into property income. However,this asset income-based pension path still faces many difficulties in practice,including the shortage of compensation funds,the uncertainty of industrial development and revenue make local governments unable to vigorously promote it,as well as the bundled withdrawal mode and farmers ' attachment to the land complex leading to low participation willingness. Based on this,this paper constructs a theoretical analysis framework of "awakening assets-building assets-supplementing pension" around the logical main line of"asset-based income for old-age support",and puts forward suggestions such as reshap-ing the concept of land assets,establishing a withdrawal mechanism for elderly farmers,dismantling the"bundled" withdrawal mode,constructing a multi-stakeholder collaborative governance mechanism,and improving a multi-compensation mechanism.
withdrawal of land contract rightsland assetsold-age income