Analysis Of The Impact Of Financial Subsidies On The Payment Behavior Of Rural Residents' Endowment Insurance Participation

Under the background of the gradual increase of population aging and the continuous promotion of urbanization,the pension problem of rural residents has increasingly become a prominent social problem.At present,China's rural social endowment insurance system is gradually improving.As an important part of the system,government financial subsidies play an important role in improving the pension level of rural residents,meeting the pension needs of rural residents and promoting the integration of urban and rural public services.At the same time,there are also strong incentive and equity effects.Taking Changge City,Henan Province as a case,this paper first introduces the theoretical basis and relevant literature review of the impact of financial subsidies on rural residents' pension insurance participation and payment behavior,and then systematically expounds the historical evolution and development status of rural residents' pension insurance system and rural residents' pension insurance payment system.Next,this paper uses questionnaire,interview and logit model to empirically analyze the influencing factors of rural residents' pension insurance payment in Changge City,and uses generalized double difference(did),two-way fixed effect and other models to empirically study the incentive effect of financial subsidies on Farmers' insurance payment,Using the actuarial model and Kakawani Index,this paper studies the fair effect of financial subsidies on Farmers' insurance payment,and finally puts forward the corresponding countermeasures and suggestions.The main innovations of this paper mainly include:1.Based on the classified investigation method of Charls data and the investigation data of rural residents' Endowment Insurance in Changge City,this paper makes an empirical analysis on the factors affecting the participation and payment of rural residential insurance from three aspects of individual,family and policy factors by using the binary logistics model.At the same time,based on the overall analysis,taking age as the division standard,the insured population is divided into three groups: 30 years old and below,31-45 years old and 46 years old and above,and the heterogeneity test is carried out for the influencing factors of insurance payment of different groups.The study found that age,health status,and cultural level of personal factor,family income and children number in family factors,policy awareness and policy satisfaction are the factors that affect the residents' contribution.In the group analysis,the characteristics of the factors affecting the insurance payment of different age groups can be summarized as follows: First,with the increase of age,the personal factors affecting the insurance group will also change.For example,compared with the youth insurance group,the middle-aged and elderly insurance group is more vulnerable to their own health factors;Second,the older groups are more vulnerable to family factors,but the impact of economic conditions is not significant;Third,the insured groups that are closer to the age of receiving treatment are vulnerable to policy factors,but the subsidy policy is a factor that all age groups pay more attention to.After the empirical analysis,this paper uses "life cycle hypothesis" and "Maslow demand hierarchy theory" to explain the participation intention and influencing factors of different age groups.2.This paper uses a large number of micro data provided by the human resources and Social Security Bureau of Changge City,Henan Province,based on the evolution of financial subsidy policies in three periods of Changge City(2009-2013,2014-2017 and 2018-2021),and based on the participation and payment data of rural housing insurance in four villages and towns of Changge City from 2009 to 2021,and uses the progressive double difference(did)method to investigate the impact of rural housing insurance financial subsidy policies on Residents' participation and payment,Taking age as the standard,the insured are divided into different insured groups,and the incentive effect of rural housing insurance financial subsidy policy on different groups is investigated from a new perspective.The results show that,On the whole,financial subsidies can effectively encourage residents to pay for insurance,but the incentive degree for different age groups is different.Compared with the young insured groups,the incentive effect of the financial subsidy policy is more obvious for the middle-aged and elderly insured groups,and the higher the age,the stronger the incentive generated by the financial subsidy.In addition,there are some differences in the impact of gender and treatment level on insured groups of different ages.3.This paper uses the actuarial model of contribution income and Kakawani Index to study the fair effect of financial subsidies on Farmers' insurance contributions.The results of the study found that factors such as the increase in the amount of government financial subsidies,the increase in the level of residents' payment,the increase in the rate of return on investment in personal account pensions,and the increase in the adjustment coefficient of basic pensions will all affect the net transfer-in amount of rural residential insurance pensions.,thereby affecting the redistributive and fairness effects of the system.For example,with the increase of the amount of government financial subsidies,the net transfer in amount of pension of rural residents in Changge City will also increase,and the redistribution effect and fair effect will also increase.At the same time,in the types of over payment and over compensation of 100-500 yuan and 600-1000 yuan,the higher the payment level of rural residents,the net transfer in amount of their pension will also rise;When the higher the rate of return on investment in the individual pension account of rural residents in Changge City,the net transfer in amount of pension and its added value will also rise,and the ratio of the added value of net transfer in amount of pension to will also increase.At the same time,the Kakawani index shows that the degree of regress of personal financing for rural residential insurance in Changge City is relatively serious.However,whether it is individual financing or total financing,with the adjustment of the payment level of rural residential insurance and the improvement of the government's financial subsidy system,the regressive trend has improved,and the equity effect has been enhanced.Based on the above theoretical analysis and empirical test,this paper proposes to promote the sustainable development of the system by improving the payment system and optimizing the payment structure;to improve the incentive effect of the subsidy policy by increasing the financial subsidy and optimizing the financial subsidy policy;to promote the dynamic balance between the incentive effect and the fair effect of the system by improving the positioning of the rural residential insurance financial subsidy policy.It is hoped that the research in this paper will help to promote the steady development of the rural residential insurance system,improve the implementation efficiency of the financial subsidy policy,and provide theoretical support for the relevant departments to introduce and optimize the financial subsidy policy.