Is There a Phenomenon of Despising the Poor and Currying Favour with the Rich in Urban and Rural Residents’ Basic Pension Insurance System? Empirical Test Based on Ordered-Probit Model and Strategy of Establishing an Information Pension Insurance Service System

DOI

10.2991/978-94-6463-030-5_158How to use a DOI?

Keywords

Urban and Rural Residents’ Basic Pension Insurance System; Participation Grades; Ordered Probit Model; Information; Instrumental Variable Method

Abstract

When establishing a unified basic pension insurance system for urban and rural residents, the State Council of China emphasized that it should be fair and sustainable. However, whether there is a phenomenon of despising the poor and currying favor with the rich in urban and rural residents’ basic pension insurance system is rarely discussed. Using China household financial survey data and Ordered-Probit Model, this paper analyses the impact of rural households’ income on the selection of pension insurance grades. The research results show that there is a significant positive correlation between the income of rural households and the grades selection of urban and rural residents’ basic pension insurance system. and the robustness of this result was tested using IV Ordered-Probit model. Further analysis shows that income presents obvious heterogeneity in promoting the participation level of urban and rural residents’ basic pension insurance system, which is mainly manifested as: income has a greater impact on the choice of pension insurance level for rural women and middle-aged people. From the perspective of income division, the effect of income in promoting high-end pension insurance participation is only significant for high-income groups. At last, this paper puts forward the strategy of establishing an information pension insurance service system.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Ouyang Chi
PY  - 2022
DA  - 2022/12/20
TI  - Is There a Phenomenon of Despising the Poor and Currying Favour with the Rich in Urban and Rural Residents’ Basic Pension Insurance System? Empirical Test Based on Ordered-Probit Model and Strategy of Establishing an Information Pension Insurance Service System
BT  - Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
PB  - Atlantis Press
SP  - 1572
EP  - 1582
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-030-5_158
DO  - 10.2991/978-94-6463-030-5_158
ID  - Chi2022
ER  -