The Potential of Commercial Pension Insurance to Develop into One of the Pillars of Rural Pension Insurance:A Study from the Demand Perspective  

作　　者：Hu Junbo Li Wenda Wang Jianrui 

机构地区：[1]Rural Development Research Institute,Sichuan Academy of Social Sciences,Chengdu,Sichuan,610071,China

出　　处：《Contemporary Social Sciences》2023年第2期1-20,共20页当代社会科学（英文）

基　　金：part of“Research in the Return of Migrant Workers to Major Labor Exporting Provinces and Corresponding Allocation of Old Age Support Resources in Rural Areas”(16BSH132);a program funded by the National Social Science Fund of China(NSSFC);“Research in the Path to,and Measures for,High-Quality Rural Development Driven by Entrepreneurial Agglomeration from the Perspective of Triple Coupling”(22FH54)。

摘　　要：The development of a multi-pillar pension insurance system is an effective solution for an aging society.Commercial pension insurance,as the third pillar of pension insurance,is an integral part of this system in China and can play a critical and complementary role in rural areas where support for the elderly is a more pressing concern and a second pillar of pension insurance remains absent.To this end,we first elaborate on the theoretical logic that commercial pension insurance can develop into one of the pillars of rural pension insurance.We then empirically test rural residents’willingness to participate in a commercial pension insurance plan(CPIP)in a probit model with household research data from rural areas in major labor-exporting provinces,such as Sichuan and Henan so as to explore whether commercial pension insurance has the potential to become one of the pillars of rural pension insurance.Our research findings can be synthesized in three points.First,rural residents out of agricultural production for five consecutive years are more willing to participate in a CPIP than other rural residents,indicating that progress in industrialization and urbanization can significantly boost such willingness.Second,the younger rural residents are more inclined to participate in a CPIP than the older generation.Third,income increases can significantly boost rural residents’willingness to participate in a CPIP.Thus,with progress in industrialization and urbanization and an increase in rural disposable income,commercial pension insurance has a promising potential in rural areas and can hopefully develop into one of the pillars of rural pension insurance.

关 键 词：the pillar of pension insurance commercial pension insurance willingness to participate(in a CPIP) 

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