Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

The Role of Trust in Government in China’s Rural Pension Program

Version 1 : Received: 26 December 2022 / Approved: 27 December 2022 / Online: 27 December 2022 (03:22:26 CET)

How to cite: Lin, B.; Li, W.; Zhang, Y.Y.; Wu, J. The Role of Trust in Government in China’s Rural Pension Program. Preprints 2022, 2022120508. https://doi.org/10.20944/preprints202212.0508.v1 Lin, B.; Li, W.; Zhang, Y.Y.; Wu, J. The Role of Trust in Government in China’s Rural Pension Program. Preprints 2022, 2022120508. https://doi.org/10.20944/preprints202212.0508.v1

Abstract

This paper estimates the effect of trust in government on rural residents’ contributions in China’s rural pension program using the Propensity Score Matching (PSM) method. We construct an analytical framework for rural residents' decision-making in pension program and provide analysis using data from China Family Panel Studies (CFPS) and 25 provincial Departments of the Human Resources and Social Security (DOHRSS) in China. Our analysis shows that rural residents’ trust in government will influence their contributions to the pension programs by affecting their expected return of the investments. Our results suggest that the government should improve rural residents’ trust in government in order to develop a successful and sustainable rural pension program.

Keywords

China’s Rural Pension Program; Pension contribution; Trust in government; Propensity Score Matching method; Rural China

Subject

Business, Economics and Management, Economics

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