Impact of the Coordination of Urban and Rural Old-age Insurance System on Workers'Participation Behavior
Tailored to different demographics,China has established a differentiated social pension insurance system:employees in enterprises are required to contribute to the Basic Old-age Insurance for Enterprise Employees(BOIEE),while residents outside the scope can join the Basic Old-age Insurance for Residents(BOIR).Changes in employment status necessitate corresponding transitions in insurance types.In the past,the transfer of pension insurance benefits between different insurances was challenging,resulting in lower participation rates for groups such as migrant workers,flexible employees,and those in emerging job sectors who have a need for coordination policy.To solve this problem,China promulgated the Interim Measures for the Coordination of Urban and Rural Old-age Insurance Systems in 2014,allowing bidirectional transfer and continuity between the BOIEE and the BOIR.For groups like migrant workers,the continuity between the BOIEE and the BOIR is crucial for their pension insurance benefits.Simultaneously,it inevitably affects their participation behavior in the insurance system.Existing research primarily analyzes the low participation rates of groups like migrant workers from the perspectives of enterprise characteristics,institutional design,and labor market regulations.However,there has been relatively less research from the standpoint of institutional coordination.Therefore,using data from 2011 to 2017 of the China Household Finance Survey(CHFS),this paper designates migrant workers employed in enterprises as the treatment group and local urban registered employees as the control group,and uses a difference-in-differences(DID)model to examine the impact of the pension insurance system coordina-tion policy on individual participation behavior.It finds that the coordination policy effectively enhances workers'enthusi-asm for participating in insurance.Moreover,the promoting effect is more pronounced for migrant workers with higher trust in the pension insurance system and in regions where the statutory contribution rate for pension insurance is lower,and with strong regulatory measures as well as robust labor protection efforts.Further research indicates that the policy has no significant impact on migrant workers who find it challenging to meet the eligibility conditions for receiving benefits from BOIEE.This reflects that there is still room for improvement in the current pension insurance system coordination policy.In addition,this paper explores the impact of the policy on other behaviors of migrant workers.This paper finds that while the pension insurance system coordination policy effectively increases the participation rate of some migrant workers,it does not adversely affect wages.Moreover,it contributes to an increase in migrant workers'consumption.This paper recommends that the government should further refine the pension insurance system coordination policy.It can adopt a"segmented calculation"approach in the design of pension insurance system coordination,which may effectively increase workers'motivation.Additionally,enhancing public trust in the pension insurance system,appropriately reducing the statutory contribution rate,and strengthening labor protection supervision and enforcement are also effective measures to boost workers'enthusiasm for participation.This paper contributes in three main aspects.Firstly,it explores the impact of the urban and rural old-age insurance system coordination policy on workers'participation behavior,enriching the research perspective of existing literature.Secondly,it employs rigorous research methods for policy effect evaluation,providing valuable insights for the improvement of the pension insurance system coordination policy.Thirdly,this paper examines the heterogeneity of policy effects from various perspectives,which contributes to a thorough understanding of the impact of the policy on workers'participation behavior.
NETL
NSTL
万方数据
维普
