The Impact Of The Implementation Of The New Rural Insurance Policy On The Poverty Vulnerability Of Rural Residents

Poverty has always been a problem that plagues the world.Due to the large population base and uneven development in rural areas in my country,residents are more likely to fall into poverty.As of 2021,my country’s poverty alleviation task has achieved great success.We have taken the 2010 constant price farmers’ per capita net income of 2,300 yuan as the basic poverty line.About 98.99 million rural poor people across the country have been lifted out of poverty.In regions including Tibet and Guizhou,about 832 poverty-stricken counties have all taken off their hats,eliminating the absolute poverty that individuals and their families cannot meet their survival needs,but relative poverty still exists.How to consolidate the results of poverty alleviation and prevent the poverty alleviation from returning to poverty has become the latest issue.At present,when the academic circles study poverty,most of them use static indicators to measure current poverty,which is a kind of post-mortem detection.However,due to various uncertainties in the future,people who have already escaped poverty may return to poverty again in the future.When we formulate a policy,we should pay attention to what factors may cause residents to fall into poverty in the future,so as to formulate effective strategies to prevent risks.Therefore,when studying the effects of policy implementation,the focus should be on the future effects of poverty reduction,rather than just studying the current short-term effects of poverty reduction.Poverty vulnerability is such an indicator.It is an ex-ante estimation of poverty,that is,the probability that an individual or a family will fall into poverty in the future.The poverty vulnerability index is to introduce vulnerability to poverty,so that it can be used to estimate the probability of poverty occurrence,so that effective measures can be taken before poverty occurs to prevent potential poor people from falling into poverty and people who have been lifted out of poverty return to poverty again.The new rural insurance policy is implemented by the state to stabilize poverty alleviation,and it is of great significance to study its effect on poverty reduction for rural residents in China.The new rural insurance policy was implemented on a pilot basis in 2009,and in 2012,comprehensive coverage of the county was achieved.It uses the model of individual payment + collective subsidy + government subsidy to raise funds to ensure the elderly life of rural residents.Since the implementation of the new rural insurance policy,there have been many studies on the poverty reduction effects of the new rural insurance policy,but most of them have focused on the economic welfare aspects of the new rural insurance policy on consumption,savings,and labor supply.There are not many effects on future poverty reduction.Therefore,this article studies the poverty reduction effect of the new agricultural insurance from the perspective of poverty vulnerability,so as to provide suggestions for further improvement of policies and design.This paper uses the data from the China Family Tracking Survey(CFPS)in 2014,and uses the benchmark regression model and propensity score matching method to test separately.It will conduct an empirical study on whether the addition of the new rural insurance policy can reduce the poverty vulnerability of rural residents.Based on whether there is a problem of heterogeneity in different regions,genders and income levels.The study found that rural residents participating in the new rural insurance can significantly reduce their poverty vulnerability to a certain extent.As the poverty line continues to increase,its significance is getting lower and lower.Participate in the heterogeneous analysis of the impact of the new agricultural insurance on the poverty vulnerability of rural residents according to the different regions,genders,and income levels.At the same time,dividing the region into eastern,central and western regions found that rural residents participating in the new rural insurance can reduce their poverty vulnerability to a certain extent,but it is more significant in the eastern region,followed by the central region,and not in the western region.From the perspective of different genders,the new rural insurance policy can significantly reduce the poverty vulnerability of women,but not for men.Starting from different income levels,the new rural insurance policy can significantly reduce the poverty vulnerability of low-income people,followed by middle-income,and high-level income is not significant.The research conclusions are of great significance to the policy effect of the new rural insurance policy.Especially when our country’s poverty alleviation has achieved an overall victory,how to hold on to the results of poverty alleviation,prevent the return to poverty,and effectively predict the probability of falling into poverty in the future is very important.