Preprint Brief Report Version 1 This version is not peer-reviewed

The Impact of the New Rural Pension Scheme on Retirement Sustainability in China: Evidences of Regional Differences in Formal and Informal Labor Supply

Version 1 : Received: 3 October 2018 / Approved: 3 October 2018 / Online: 3 October 2018 (13:47:21 CEST)

A peer-reviewed article of this Preprint also exists.

Lin, B.; Lin, Z.; Zhang, Y.Y.; Liu, W. The Impact of the New Rural Pension Scheme on Retirement Sustainability in China: Evidence of Regional Differences in Formal and Informal Labor Supply. Sustainability 2018, 10, 4366. Lin, B.; Lin, Z.; Zhang, Y.Y.; Liu, W. The Impact of the New Rural Pension Scheme on Retirement Sustainability in China: Evidence of Regional Differences in Formal and Informal Labor Supply. Sustainability 2018, 10, 4366.

Journal reference: Sustainability 2018, 10, 4366
DOI: 10.3390/su10124366

Abstract

This paper evaluates the effect of China’s New Rural Pension Scheme (NRPS) on the retirement sustainability in forms of both formal labor supply and informal labor supply, using data from China Health and Retirement Longitudinal Study (CHARLS). We explore the regional differences of the NRPS effect on labor supply between the Western regions and the other regions of China. Our analysis shows that western rural China has a more severe problem of “ceaseless toil” compared to the rest of the country. We find that NRPS improves the “ceaseless toil” situation of the Chinese rural elderly, and the results show a very different pattern between western China and other parts of the country.

Subject Areas

China Rural Pension Scheme, retirement sustainability, labor supply, grandchildren care, Western China, ceaseless toil

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