Research On The Impact Of Basic Endowment Insurance For Urban And Rural Residents On The Quality Of Life Of Residents

The implementation of basic endowment insurance for urban and rural residents is to improve the living standard of urban and rural residents and improve the quality of life of urban and rural residents.The basic old-age insurance for urban and rural residents has been implemented for nearly ten years,the implementation effect of the policy and whether it effectively promotes the improvement of residents' quality 0f life remain to be tested.Based on the data of Chinese Family Panel Studies(CFPS)in 2016,this paper uses Ordered Logit model to analyze the impact of urban and rural residents' endowment insurance on residents' quality of life.Study found that Participate in endowment insurance or not,Have pensions or not and the amount of pension can significantly influence life satisfaction and health status of the urban and rural residents,and,in turn,affects the overall quality of life,in addition,the urban and rural residents endowment insurance for rural residents' quality of life is greater than the influence of urban residents,the impact on women is greater than on men,the influence of the impact on low-income groups is greater than the effect on the high income groups,the influence of the lower level of education of the community is greater than the higher level of education group,the inference of have a spouse groups is greater than the group without a spouse.Finally,the paper puts forward some Suggestions on perfecting the pension insurance system of urban and rural residents,in order to improve the effect of policy implementation and improve the quality of life of residents.