The Power of Social Pensions: Evidence from China's New Rural Pension Scheme
利用中国新型农村社会养老保险逐县推广的数据，发现该养老金提高了适龄人群的家庭收入和食品支出，减少了农活，改善了健康并降低了死亡率，但对非适龄成年人的影响有限。
This paper utilizes the county-by-county rollout of China's New Rural Pension Scheme (NRPS) and finds that, among age-eligible people, the pension scheme leads to higher household income and food expenditure, less farmwork, better health, and lower mortality. In addition, the NRPS shifts age-ineligible adults from farmwork to nonfarmwork but does not significantly affect their income, expenditure, or health. No significant evidence shows that the NRPS affects private transfers or health behaviors. These findings provide relevant evidence of the impacts of social pensions on individual behaviors and welfare for developing countries today and developed countries in the past.