Research on the Influence of Multi-track Endowment Insurance System on Family Income Gap
Social security is one of the means of income redistribution adjustment mechanism,and basic pension insurance,as an important part of China's social security system,is characterised by multi-track parallelism.This paper analyses the impact of different types of insurance participation on the household income gap by analysing the 2019 China Household Finance Survey(CHFS)data,using ordinary OLS regression and Tobit models,and conducting a robustness test.The results of the empirical study show that the multi-track pension insurance system significantly leads to the income gap of households with different types of participation,and the logarithm of the total household income of a household that changes from uninsured to participating in urban and rural residents'social pension insurance,urban workers'social pension insurance,and retirement pension for organisations and institutions will be increased by 0.123,0.723,and 0.734,respectively,and multi-track and parallel pension insurance also results in the household's wage income,industrial and commercial income and property income gaps.
old-age insurancemulti-track systemHousehold income gapsocial security system
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