The Impact Of New Rural Social Endowment Insurance On Rural Household Consumption In China

In the new normal economy,China's population dividend is gradually disappearing,the investment of real estate has passed the inflection point,the contradiction between supply and demand in China is prominent,the constraints of resources and environment are increasingly tightened,while the international economic recovery is slow and the trade friction is increasingly serious.Expanding consumption is the key choice to change the way of economic development and enhance the endogenous driving force of the economy,and it is particularly critical to play the basic role of residents' consumption on economic growth.At the same time,the aging of the population is becoming more and more serious in our country.China has entered a special period of "not getting rich before the old" and "not getting ready to get old".The problem of endowment has become a common problem in the whole society.It is also imminent to improve the social old-age security system and give full play to the supplement and substitution of the social old-age mode for the family pension model.The lack of consumption and high savings in the consumption of residents in China has been seriously inconsistent with the economic growth pattern of our country.How to release the consumption potential of the residents and build a long-term mechanism to expand the consumption of residents has become the focus of the policy and theoretical circles.The lack of social security system is considered to be the cause of the consumption status of the residents in China.As one of the key factors,its influence is becoming more and more serious along with the aging of population.In order to weaken the restriction of the lack of social security system to the consumption of residents,China launched a new rural social endowment insurance in 2009,trying to expand the consumption of residents in rural areas.In order to assess the impact of new agricultural insurance on rural household consumption,on the basis of the previous studies,this paper uses the data of the Chinese family tracking survey(CFPS)in 2010 and 2012 to analyze the total consumption and consumption structure of Rural Households by the dual difference(DID)and the tendency score matching(PSM)method.Ringing.The study found that the new rural social pension insurance significantly promoted the impact of the rural household consumption.Compared with the non insured family,the family consumption increased by 12%-17%,and the impact of the new agricultural insurance on the consumption of the insured family mainly lies in improving its development consumption and enjoyment type consumption,improving the living conditions and welfare of the family,and promoting the welfare of the family,and promote the living conditions and welfare of the family,and promote the welfare of the family.Into the upgrades of household consumption.However,the relief of the pension burden of the rural families is limited by the new agricultural insurance,and the role of the social pension model to supplement and replace the family pension mode remains to be improved.Therefore,although the new rural social endowment insurance has initially realized the policy goal,its role still remains to be improved.Therefore,the following policy suggestions are put forward.First,we should sum up the experience and lessons accumulated during the implementation of the new agricultural insurance,reform and perfect the new agricultural insurance system,and establish a perfect supporting economy,society,and society.The legal system ensures the smooth implementation of the new agricultural insurance policy.Secondly,in order to further alleviate the burden of pension in the rural areas and give full play to the role of social endowment,the pension amount of rural residents above 60 years old should be raised,so the government's financial subsidy should be improved,which depends on the stable and high quality development of the economy.On the one hand,more policy depends on government financial funds;again,in order to stimulate the enthusiasm of the rural residents under 60 years of age to participate in the new agricultural insurance,choose a higher grade of payment,we should strive to improve the expectation of the residents to receive pension in the future,on the one hand,it depends on the propaganda and education of the new agricultural insurance policy,It depends on the steady increase in the pensions of residents over the age of 60.