Professor Deng Dasong, Director of the Academic Committee of the Social Security Research Center of Wuhan University, and Yang Jing, a doctoral student, published a paper entitled "Pension Insurance, Consumption Differences and the Subjective Well-being of the Rural Elderly: An Empirical Analysis Based on the Data of China's Household Financial Survey" in the CSSCI journal Chinese Population Science in 2019.

【author】Deng Dasong,Yang Jing

【Published journals】《中国人口科学》

【Journal level】CSSCI

【Publication time】2019（04）

【Abstract】Based on the data of the China Household Finance Survey (CHFS), this paper analyzes the impact of Chinese residents' pension insurance and consumption differences on the happiness of the rural elderly, and constructs an intermediary effect model to empirically analyze the role path between the three. The results show that: (1) Pension insurance has a significant effect on the subjective well-being of the elderly in rural China, while consumption differences damage the well-being of the rural elderly. (2) Endowment insurance can alleviate the negative impact of consumption differences on the subjective well-being of the elderly in rural areas. On the one hand, consumption differences can not only directly reduce the happiness of the rural elderly, but also form a sense of relative deprivation through physical health deprivation and differential perception, resulting in the psychological disparity of the rural elderly and affecting their well-being. On the other hand, endowment insurance brings a higher sense of happiness to the elderly in rural areas by improving the sense of psychological gain and income distribution, thereby alleviating the happiness "squeeze" of consumption differences. (3) Rural elderly people who are older, married, have a junior high school degree or above, have good health, have more financial capital, and have received economic support are happier.

【Keywords】rural elderly; well-being; pension insurance; consumption differences; Relative deprivation

【Funds】The phased results of the major project of the Key Research Base of Humanities and Social Sciences of the Ministry of Education "Research on China's Poverty Alleviation Strategy" (Project No.: 16JJD840007).