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The impacts of social pension on rural household expenditure: evidence from China

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  • Huamao Zheng
  • Teng Zhong

Abstract

In 2009, China began to implement a new social pension scheme in rural areas. We examine the impacts of this social pension on two main components of rural household expenditure, consumption and agricultural production investment. Our findings show that on average, rural households increase consumption by 1–3% and agricultural investment by as high as 6–9% in pilot counties. Further estimations reveal that the pension mainly affects the households with old-aged members and the poorer families, and that the saving rate hasn’t been changed by the pension, which support more the contingent income than the life-cycle hypothesis. We also find that among various types of expenditures, the most dramatic increases have occurred in food consumption and operational inputs on agricultural production.

Suggested Citation

  • Huamao Zheng & Teng Zhong, 2016. "The impacts of social pension on rural household expenditure: evidence from China," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 19(3), pages 221-237, July.
    • Handle: RePEc:taf:jecprf:v:19:y:2016:i:3:p:221-237
    DOI: 10.1080/17487870.2015.1041524
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    Cited by:

    1. Ce Shen & Jessica Johnson & Zhenhe Chi & John B. Williamson, 2020. "Does a universal non‐contributory social pension make sense for rural China?," International Social Security Review, John Wiley & Sons, vol. 73(2), pages 3-26, April.
    2. Kang, Ji Young & Park, Sojung & Ahn, Seoyeon, 2022. "The effect of social pension on consumption among older adults in Korea," The Journal of the Economics of Ageing, Elsevier, vol. 22(C).
    3. Tan, Jing & Xu, Hao & Yu, Jingwen, 2022. "The effect of homeownership on migrant household savings: Evidence from the removal of home purchase restrictions in China," Economic Modelling, Elsevier, vol. 106(C).
    4. Tongwei Xie & Changjiang Xiong & Qing Xu & Tianshu Zhou, 2022. "The Impact of Social Pension Scheme on Farm Production in China: Evidence from the China Health and Retirement Longitudinal Survey," IJERPH, MDPI, vol. 19(4), pages 1-13, February.
    5. Yanjun Ren & Weigang Liu & Xuexi Huo & Thomas Glauben, 2023. "The impact of old‐age pension on nutritional outcomes: Evidence from Kyrgyzstan," Agribusiness, John Wiley & Sons, Ltd., vol. 39(S1), pages 1358-1381, December.
    6. Xing Ji & Jingwen Xu & Hongxiao Zhang, 2022. "How Does China’s New Rural Pension Scheme Affect Agricultural Production?," Agriculture, MDPI, vol. 12(8), pages 1-23, July.
    7. Jiao, Lei & Lu, Sijin & Chen, Changchun & Feng, Yu, 2024. "Social security, relative deprivation, digital capacity, and household financial investment behavior," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    8. Jing You & Miguel Niño‐Zarazúa, 2019. "The Intergenerational Impact of China's New Rural Pension Scheme," Population and Development Review, The Population Council, Inc., vol. 45(S1), pages 47-95, December.

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