Reducing Multidimensional Poverty of Elderly: The Role of the New Rural Pension Scheme in China
Poverty is a multidimensional concept. Besides income, it also includes many nonmonetary dimensions, such as education, health, housing, and access to public goods. Applying a nationally representative survey dataset, this study mainly investigates the role of China’s New Rural Pension Scheme (NRPS)...
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| Format: | Article |
| Language: | English |
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Wiley
2022-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2022/4533075 |
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| author | Yaqian Hu Hao Han Pei Liu |
| author_facet | Yaqian Hu Hao Han Pei Liu |
| author_sort | Yaqian Hu |
| collection | DOAJ |
| description | Poverty is a multidimensional concept. Besides income, it also includes many nonmonetary dimensions, such as education, health, housing, and access to public goods. Applying a nationally representative survey dataset, this study mainly investigates the role of China’s New Rural Pension Scheme (NRPS) in reducing multidimensional poverty among the rural elderly. We first select four dimensions of life quality, health, social inclusion, and subjective welfare to construct multidimensional poverty indicators. We then divide the sample into two parts by age (45–59 and above 60) and evaluate the poverty-reduction effects of participating behaviors and receiving behavior separately. Moreover, we use the insured subsample to investigate the dynamic influence from insured status on received status. The results showed that, for the 45–59 age group, NRPS participation helped reduce poverty across the given indicators, especially in terms of health, life, and subjective welfare. For the elderly (over 60), receiving the pension effectively reduced poverty. In addition, we found that as age increases, pension income can effectively alleviate the insured subgroup’s multidimensional experience of poverty. |
| format | Article |
| id | doaj-art-36c3c3531f754a2a81b8f2030853ddff |
| institution | Kabale University |
| issn | 1607-887X |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-36c3c3531f754a2a81b8f2030853ddff2025-02-03T01:12:53ZengWileyDiscrete Dynamics in Nature and Society1607-887X2022-01-01202210.1155/2022/4533075Reducing Multidimensional Poverty of Elderly: The Role of the New Rural Pension Scheme in ChinaYaqian Hu0Hao Han1Pei Liu2School of Insurance and EconomicsNew China Life Insurance Company Ltd.School of Economics and ManagementPoverty is a multidimensional concept. Besides income, it also includes many nonmonetary dimensions, such as education, health, housing, and access to public goods. Applying a nationally representative survey dataset, this study mainly investigates the role of China’s New Rural Pension Scheme (NRPS) in reducing multidimensional poverty among the rural elderly. We first select four dimensions of life quality, health, social inclusion, and subjective welfare to construct multidimensional poverty indicators. We then divide the sample into two parts by age (45–59 and above 60) and evaluate the poverty-reduction effects of participating behaviors and receiving behavior separately. Moreover, we use the insured subsample to investigate the dynamic influence from insured status on received status. The results showed that, for the 45–59 age group, NRPS participation helped reduce poverty across the given indicators, especially in terms of health, life, and subjective welfare. For the elderly (over 60), receiving the pension effectively reduced poverty. In addition, we found that as age increases, pension income can effectively alleviate the insured subgroup’s multidimensional experience of poverty.http://dx.doi.org/10.1155/2022/4533075 |
| spellingShingle | Yaqian Hu Hao Han Pei Liu Reducing Multidimensional Poverty of Elderly: The Role of the New Rural Pension Scheme in China Discrete Dynamics in Nature and Society |
| title | Reducing Multidimensional Poverty of Elderly: The Role of the New Rural Pension Scheme in China |
| title_full | Reducing Multidimensional Poverty of Elderly: The Role of the New Rural Pension Scheme in China |
| title_fullStr | Reducing Multidimensional Poverty of Elderly: The Role of the New Rural Pension Scheme in China |
| title_full_unstemmed | Reducing Multidimensional Poverty of Elderly: The Role of the New Rural Pension Scheme in China |
| title_short | Reducing Multidimensional Poverty of Elderly: The Role of the New Rural Pension Scheme in China |
| title_sort | reducing multidimensional poverty of elderly the role of the new rural pension scheme in china |
| url | http://dx.doi.org/10.1155/2022/4533075 |
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