Research on the impact of population aging and endowment insurance on household financial asset allocation- Evidence on CFPS data

Liu, Sujiao; Zhu, Mingdong; Wen-hao, Ling

doi:10.1016/j.frl.2023.103719

Cited by 10 publications

(3 citation statements)

References 6 publications

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“…Changes in rural demographics can alter the constraints on the quantity and quality of agricultural labor and even agricultural capital [53][54][55]. In addition, the agricultural capital input constraints of farmers may also tighten due to labor shortages that increase labor prices and thus labor input costs, as well as increased household expenditures due to the increased burden on the elderly population [56]. Under these circumstances, farmers will inevitably adjust the crop planting structure based on the quantity and quality of household labor and agricultural capital in order to maximize household economic efficiency [57].…”

Section: Theoretical Analysis and Research Hypothesesmentioning

confidence: 99%

The Impact of Rural Population Aging on Agricultural Cropping Structure: Evidence from China’s Provinces

Li,

Lu,

Luo

et al. 2024

Agriculture

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Agricultural cropping structure is related to the quality of the agricultural supply system and is a key element of the structural reform of the agricultural supply side. Based on China’s provincial panel data from 2000 to 2021, this paper empirically examines the impact and mechanism of rural population aging on the planting structure of food and cash crops by using a two-way fixed-effects model, which fills the gap in the research on the impact mechanism of the rural population aging on agricultural planting structure. The conclusions of the study show that: as the aging of the rural population deepens, the proportion of food crops planted will further increase, while the proportion of cash crops planted will decrease; agricultural mechanization will promote the further increase of the proportion of food crops planted while the proportion of cash crops planted will decrease in the deepening of the aging of rural population; the aging of the rural population has a more significant impact on the structure of agricultural planting in the eastern region and does not have a significant impact on the central and western provinces. The aging of the rural population has a significant impact on the agricultural planting structure in the eastern region, but not in the central and western provinces. This paper argues that we should fully respect the willingness of agricultural management subjects to choose planting varieties, increase the research, development, and promotion of agricultural machinery, continuously improve the level of farmers’ human capital, and further enhance the degree of organization, scale, and specialization of agricultural production.

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Section: Theoretical Analysis and Research Hypothesesmentioning

confidence: 99%

The Impact of Rural Population Aging on Agricultural Cropping Structure: Evidence from China’s Provinces

Li,

Lu,

Luo

et al. 2024

Agriculture

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show abstract

“…Firstly, caring for the elderly is a time-intensive activity with hidden opportunity costs; the more elderly there are in a family, the more time children usually need to spend caring for them, which may cause them to reduce their employment activities. In addition, in order to care for aging parents, children have a higher need for flexibility in time allocation, and agricultural employment can go some way to meeting this need of families [75,76]. Secondly, there are explicit economic costs of supporting the elderly.…”

Section: Theoretical Analysis and Research Hypothesesmentioning

confidence: 99%

“…Against the background of deepening population aging in rural China, the age structure of the population in rural households is also undergoing profound changes. Restricted to the inadequacy of the social old-age security system and the family-oriented model of old-age [72], Chinese rural households are under tremendous pressure from the old-age burden, which will inevitably have an impact on their ability to generate income [76]. Based on the perspective of aging, this study investigates in depth the mechanism of the impact of family old-age burden on the income of rural households, and draws a number of conclusions of practical significance.…”

Section: Mechanism Testin-mediation Effects Testmentioning

confidence: 99%

Has the Household Old-Age Burden Affected Farm Household Incomes? Evidence from a Survey of Chinese Farm Households

Lu,

Gao,

et al. 2024

Agriculture

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Income increase is an important way to achieve comprehensive human development and to escape from poverty, and the growing aging problem in rural China poses a challenge to farm household income increase. In order to gain a deeper understanding of the impact of China’s rural old-age burden on farm household income, this paper empirically examines the impact and mechanism of household old-age burden on farm household income based on the data from the 2023 micro-farm field survey of China’s Henan Province, utilizing linear regression modeling and mediation effect modeling, filling the research gaps in the related fields. The results of the study found that, firstly, family old-age burden has a significant impact on the income of farm households, and that the heavier the family old-age burden, the lower the total income of farm households. Secondly, from the results of the heterogeneity of the impact, the poorer the health condition, the greater the negative impact of family old-age burden on farm household income. Old-age burden has a greater impact on high-income farm households than on low-income farm households, and old-age burden has a significant impact on the income of part-time farm households, while the impact is not significant on purely farm and non-farm households. Thirdly, the heavier the household old-age burden, the more unfavorable it is to the non-farm employment of farm households, thus affecting the income capacity of farm households. Finally, corresponding countermeasures and recommendations are put forward in three areas, namely, the continuous improvement of the social old-age security system, the realization of the function of the social old-age mechanism as an old-age pocket for key special groups, and the improvement of the social flexible employment mechanism.

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What affects the financial asset allocation of the elderly? From the perspective of financial literacy and risk attitude

Yang,

Wang,

Liu

2024

Finance Research Letters

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Research on the impact of population aging and endowment insurance on household financial asset allocation- Evidence on CFPS data

Cited by 10 publications

References 6 publications

The Impact of Rural Population Aging on Agricultural Cropping Structure: Evidence from China’s Provinces

The Impact of Rural Population Aging on Agricultural Cropping Structure: Evidence from China’s Provinces

Has the Household Old-Age Burden Affected Farm Household Incomes? Evidence from a Survey of Chinese Farm Households

What affects the financial asset allocation of the elderly? From the perspective of financial literacy and risk attitude

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