Analysis Of The Influence Of Rural Residents' Employment And Income On The Choice Of Endowment Insurance

With the silver wave of aging,the pension problem in China becomes more and more serious.Especially in the accelerating urbanization process,it is particularly important to solve the pension problem of rural residents.However,the pension problem of rural residents is very complex and affected by many factors,especially with the pace of industrial transformation and economic transformation,rural residents have different employment and income,which will affect their choice of pension insurance and payment.Based on this,it is of practical significance to study the influence of rural residents' employment and income on the choice of endowment insurance for rural residents.This paper studies the influence of rural residents' employment and income on the choice of endowment insurance by using the 2015 China Household Finance Survey(CHFS)of southwestern university of finance and economics.Firstly,the employment of rural residents is measured from the three dimensions of employment nature,employment stability and employment intensity,and the income of rural residents is measured from the individual income dimension.Secondly,my descriptive analysis is made on the selection and payment of endowment insurance for rural residents.Then,I analyzed the influence mechanism of employment and income on the choice of endowment insurance,and put forward the hypothesis.Finally,the cross-statistical analysis of rural residents' employment,income and endowment insurance selection is carried out.Logistic model and OLS model are used to empirically analyze the influence of rural residents' employment and income on pension insurance selection and pension insurance payment.The research results show that:(1)In terms of employment nature,the proportion of non-agricultural employment in the sample is 88.56%,with more non-agricultural employment than agricultural employment;In terms of employment stability,the average number of days of employment of rural residents in the sample is mostly 0 to 11 days per month.In terms of employment intensity,most rural residents in the sample have one job at the same time.From the perspective of rural residents' income,most rural residents in the sample have an annual income of less than 13,000 yuan(2)On the whole,most of the rural residents in the sample choose to participate in the endowment insurance and the payment amount is not high.There are 3307 rural residents choose to participate in the endowment insurance,accounting for 57.06%.There are 1824 people among them those who participate in new rural society endowment insurance,hold the proportion for 31.47%,there are 1304 people those who participate in enterprise worker endowment insurance,hold the proportion for 22.5%,there are 2497 person pay cost a few at 0-150 yuan,hold the proportion for 95.82%.The main reason is that most rural residents are rural registered permanent residence and familiar with the newstyle rural society endowment insurance,and the central finance and local government will also provide certain subsidies.(3)The employment and income of sample residents have significant influence on the selection of endowment insurance and the amount of endowment insurance payment.Employment nature and employment stability has a significant positive influence on new rural society endowment insurance,has a significant negative influence on payment amount and nature of the employment has a negative influence on attend endowment insurance for enterprise employees,employment intensity and income to attend endowment insurance for enterprise employees and payment amount has a significant positive impact,to attend the new agricultural insurance has significant negative effects.Meanwhile,Probit model and Tobit model were used to replace Logistic model and OLS model for robustness test,and the test results were robust and reliable.In the control variables,hukou and total deposits have a significant positive impact on whether employees participate in enterprise pension insurance or not.Health and housing property have significant positive effects on endowment insurance.Regions have a significant positive influence on whether to participate in the new rural social endowment insurance.The health,the number of siblings and children have a significant negative impact on whether to participate in the new rural endowment insurance.Based on the above research,I put forward some Suggestions,such as actively implementing the new rural insurance system,accelerate the transformation of the employment situation and strengthen the publicity of endowment insurance.