Associate Professor Xue Huiyuan, Deputy Director of the Social Security Research Center of Wuhan University, and his collaborators wrote a paper entitled "The Influence of Population Age Structure and Basic Pension Insurance for Urban and Rural Residents on the Consumption Rate of Rural Residents: An Empirical Analysis Based on China's Inter-provincial Panel Data from 2010 to 2017", which has been accepted by the CSSCI journal Social Security Research and published on CNKI.

【author】Wang Cuiqin,Li lin,Xue Huiyuan

【Published journals】《社会保障研究》

【Journal level】CSSCI

【Online first release time】March 23, 2020

【Abstract】Based on the Overlapping Generations (OLG) model and the inter-provincial panel data from 2010 to 2017, this paper empirically analyzes the impact of population age structure and basic old-age insurance for urban and rural residents (hereinafter referred to as urban and rural residential insurance) on the consumption rate of rural residents. The results show that there is a significant negative relationship between the old-age dependency ratio and life expectancy and rural residents' consumption, but there is no significant relationship between the children's dependency ratio and rural residents' consumption. There is a significant positive relationship between the payment rate and coverage rate of urban and rural housing insurance and rural residents' consumption, but there is no significant relationship between the unification of urban and rural housing insurance and rural residents' consumption, and there is an interaction between urban and rural housing insurance payment rate and coverage rate on rural residents' consumption. The consumption habits of rural residents are relatively stable, and the growth of rural residents' income will inhibit the consumption expenditure of rural residents. It is recommended to improve the level of urban and rural housing insurance benefits, consolidate and improve the payment incentive mechanism, and clarify the government financial subsidies and individual payment responsibilities.

【Keywords】consumption rate of rural residents; child dependency ratio; old-age dependency ratio; urban and rural housing security; Coverage rate; Contribution rate

【Funds】This paper is the result of the Humanities and Social Science Research Youth Fund of the Ministry of Education, "Research on the Hidden Debt, Fund Gap and Financial Sustainability of Pension Insurance of Government Institutions and Institutions" (Grant No. 16YJC630152).