The Study of Asymmetric Impact of New Rural Insurance on Family Labor Supply——Based on McElroy-Horney Nash Game Model

Abstract

Abstract:

Based on the Nash game model of family demand and the breakpoint regression model of dual-drive variables, this paper studies the impact of the new rural social endowment insurance system on the labor supply of the elderly. It is found that the income of the new farm maintenance pension not only reduces the labor supply of the beneficiaries, but also has an indirect impact on the labor supply of other members of the family. And the impact of new rural insurance on labor supply has an asymmetric "gender effect". Male pensioners will reduce their labor supply and increase their spouse's labor supply, while female elderly pensions will reduce the labor supply of both their own and their spouses. This study helps to clarify the internal resource allocation mechanism of rural households in China, and provides a new perspective for exploring the smooth behavior of labor supply in the face of small non-labor income and the implementation effect of the new rural insurance policy.

Key words: new rural social endowment insurance, family labor supply, McElroy-Horney Nash game model

Lyu Jie, Lin Yujie. The Study of Asymmetric Impact of New Rural Insurance on Family Labor Supply——Based on McElroy-Horney Nash Game Model[J]. , 2019, 31(6): 258-266.

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