A Study On The Effect Of Financial Subsidy On The Behavior Of Rural Residents In The Old Age Insurance In Fujian Province

The rapid growth of China’s population, population aging problem is serious, for the protection of the elderly pension level, the government decided to the new agricultural insurance and city in the merger of the two systems implementation, in the country to establish a unified basic old-age insurance system for urban and rural residents, financial subsidies to the insured. In the rapid spreading of urban and rural pension insurance, the insured rate increased, but payment level is low, the majority of farmers choose 100 yuan/years minimum payment level of the insured. The low pay grade is insured the government’s fiscal expenditure increase, to alleviate the burden for peasants are not effective, which is not conducive to the development of urban and rural pension insurance. To this end, the financial The effects of subsidies on the participation of farmers in urban and rural residents’endowment insurance is of significance.In the paper, the data of Fujian Province nine state-level fixed observation point of the village of farmer’s personal characteristics, family characteristics, fiscal policy and other aspects of the data are collected and analyzed. First of all, the use of binary logistic regression analysis model, empirical analysis of the effects of fiscal subsidies on Farmers’Participating behavior; effect of farmers’personal characteristics and family characteristics on Farmers’participating behavior. The study shows that the (1) fundamental annuities and Life Pension on the behavior of the insured farmers have significant effect, improve the basic old-age pension and life annuities, then farmers’ insurance rates will improve; pay fee subsidy ceiling of participating behavior has negative effects. (2) by years of Education Has a significant influence on the behavior of the insured, every 1 percentage point increase in years of schooling, the insurance rate fell 15.1%. (3) the number of old people, the number of children of participating behavior without significant effect. By using panel data model, empirical research on financial subsidies and other variables on the farmers pay water level influence, but the (1) the payment of subsidies limit, the age pension on the level of payment have negative effects. (2) basic pension of payment level have significant effect, every 1 percentage point increase in basic pensions, farmers pay level corresponding increase 1.82 percent. (3) pay the highest grade of payment level no significant. (4) the individual’s age, gender, career, health, effect of marriage on the farmers pay level Nix, family population of farmers pay levels have significant effect, every 1 percentage point increase in family, farmers pay levels increased about 43.62%.This article finally, according to empirical results for the endowment insurance of urban and rural residents are proposed:(1) strengthen the propaganda of endowment insurance of urban and rural residents; (2) clarify the responsibility of the government, increase the input of financial subsidies; (3) to improve the basis for the payment of subsidies; (4) adjust the minimum standard of basic pension; (5) expanding financial subsidy funds raising channels; (6) to strengthen the management of the pension fund.