Author(s)

Xie Yuchen ¹

Affiliation(s)

¹ School of Political Science and Law, University of Jinan, Jinan, China

Corresponding Author

Xie Yuchen

ABSTRACT

Common wealth is the wealth of both material and spiritual life. As an important part of the social security system, pension insurance also plays an important role in this regard. It is of great significance to study whether the urban-rural home insurance has an effect on the subjective well-being of the middle-aged and the elderly. Based on the data from the China Social Survey 2021, we use an ordered Logit model to study the impact of old-age insurance on residents' subjective well-being. The results show that middle-aged and elderly people who enjoy basic pension insurance have a higher subjective well-being than those who do not, and that education level has a positive effect on the subjective well-being of middle-aged and elderly people, and middle-aged and elderly people with a higher education level who participate in basic pension insurance have a higher subjective well-being.

KEYWORDS

Basic pension insurance, middle-aged and old-aged, happiness

CITE THIS PAPER

Xie Yuchen, A study on the impact of basic pension insurance on the well-being of middle-aged and elderly groups in China—Evidence based on CGSS 2021. Social Security and Administration Management (2024) Vol. 5: 87-91. DOI: http://dx.doi.org/10.23977/socsam.2024.050313.

REFERENCES

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