SUN Linlin,ZHOU Rui,LIU Cong.How does the new "rural pension scheme" affect the agricultural productivity of elderly farmers——An empirical analysis based on CFPS data [J]. Journal of Shanxi Agricultural University(Social Science Edition),2026,25(3):66⁃74.
SUN Linlin,ZHOU Rui,LIU Cong.How does the new "rural pension scheme" affect the agricultural productivity of elderly farmers——An empirical analysis based on CFPS data [J]. Journal of Shanxi Agricultural University(Social Science Edition),2026,25(3):66⁃74.DOI: 10.13842/j.cnki.issn1671-816X.2026.03.006.
How does the new "rural pension scheme" affect the agricultural productivity of elderly farmers——An empirical analysis based on CFPS data
As the aging of the workforce continues to deepen, elderly farming has become a fundenmental form and important characteristic of China's agricultural development. In classical utility⁃maximization models, pension funds ease the budget constraints faced by farmers in their agricultural production, thereby influencing their decitions regarding the allocation of production factors. This, in turn, has indirect effects on the agricultural productivity of elderly farmers. Based on data from the China Family Panel Studies (CHPS) from 2010 to 2020, a fuzzy breakpoint regression method was used to identify the policy effectiveness of the New Rural Pension Scheme (NRPS) on the agricultural productivity of elderly farm workers. The results show that the implementation of the NRPS has significantly improved both the labor productivity and total factor productivity of elderly farmers. Further analysis reveals that NRPS influences agricultural production through two pathways: increasing investment in machinery and boosting healthcare expenditures. Additionally, heterogeneity is observed across household economic levels and regional agricultural resource endowments. Therefore, it is essential not only to raise the overall pension benefits of the NRPS to keep pace with price changes but also to increase attention to those who are not yet enrolled, striving to extend coverage to more people.
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