A Study Of The Incentive Effect Of Household Giving In Basic Pension Insurance

The current China is developing rapidly,but the problem of unbalanced and insufficient development has still not been effectively solved.In order to promote the coordinated and complementary development of the secondary distribution and the tertiary distribution,improve the level of social security,and mobilize the society to participate in the third distribution,this paper explores whether household coverage of pension insurance has an impact on participation in the third distribution.Using CHFS data from 2013 to 2019,this paper explores the impact of pension insurance coverage on household giving behavior using a Probit model and a Tobit model,and examines the pathways through which household insurance coverage affects household giving behavior.The paper found that: household coverage of pension insurance has a significant positive effect on promoting household giving behavior,and households covered by pension insurance are 0.61% more likely to give and 7.09% more likely to give than those not covered.In addition,this paper finds that coverage has different effects on households with different endowments.Specifically,coverage has a more significant effect on promoting household giving behavior for households that live in rural areas,are male headed,and have a large population.At the same time,this paper argues that the promotion effect of pension insurance coverage on households’ decision to make donations will be realized in three ways.First,pension insurance raises the household’s income,which in turn raises the household’s expectation of future life security and thus promotes the household’s enthusiasm to participate in the third distribution;second,pension insurance raises the level of well-being of family members,and covering pension insurance will raise the household’s expectation of future income and provide some protection for the household’s economic life,while making the elderly in the household who are already receiving pension insurance gain a higher The family covered by pension insurance will have a better expectation of the future and a higher sense of self-identity compared with those who are not covered,which will in turn promote the family to participate in the third distribution of society and help others through donations;finally,the coverage of pension insurance can improve the family’s trust in the formal system.The increase of trust in official institutions will help increase residents’ participation in the third distribution through official institutions.In conclusion,this paper proposes the following recommendations in response to the above findings: First,the level of protection of the new rural insurance should be improved,so as to increase the willingness of the rural population to participate in the insurance.The current level of old-age security for rural people in China is weak,and there is a problem that the old-age life of the rural elderly population cannot be strongly guaranteed due to the low level of new rural insurance benefits.For rural households that are not receiving pension insurance,the low level of benefits cannot effectively increase the household’s resilience to future risks and replace the household’s precautionary savings,thus increasing the expectation of expenditure and thus the household’s willingness to participate in the third distribution.Second,focus on the penetration of social and cultural concepts to make charity penetrate people’s lives.The traditional Chinese cultural concept is that family networks are relatively tight,so when risk occurs,people tend to prefer "self-help" within the family network rather than "other-help",and the tightening of the demand side cannot promote the growth of the supply side.Third,we should vigorously develop traditional and emerging charitable giving platforms and encourage the combination of insurance and charitable giving.Since 2014,online donations have become the mainstream of current donations,and various donation platforms have emerged.Many companies have launched new insurance policies that combine insurance and charity.The launch of new insurance not only helps the disadvantaged and the needy,but also effectively expands the channels of charitable giving,lowers the threshold of donations,and makes charity within reach.On the way to common prosperity,this paper gives the theory of coordinated development of secondary distribution and tertiary distribution,and explores the effect of pension insurance on household participation in charity by establishing a regression model.The research results confirm the promotion effect of redistribution on tertiary distribution,which has implications for further promoting distributional equity and common prosperity.