The Impact of Social Endowment Insurance on Rural Inclusive Growth:a Perspective Based on Income Mobility
Using the data of the CFPS the from 2010 to 2018,this study investigated the differences of income growth and its mechanism after farmers participated in the new rural insurance.Results show that farmers'participation in the New Rural Pension Scheme(NRPS)at the beginning of the period will significantly increase the income growth rate of farmers,which is mainly due to the reduction of farmers'expected pension risks after paying for the insurance,which will increase household agricultural production investment and promote the growth of operational income.Moreover,the heterogeneity analysis of farmers with different income levels shows that the NRPS has a greater effect on the income growth of low income households,which is conducive to the inclusive growth of rural areas.Therefore,we should con-tinue to improve the ability of rural families to cope with pension risks,and improve the social endowment insurance system as an important starting point to consolidate and expand the achievements of poverty alleviation,promote inclusive growth,and achieve common prosperity.
social endowment insurancenew rural pension schemeincome growthincome mobilityinclusive growth