کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5047933 | 1370926 | 2010 | 10 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: Permanent land-use rights and endowment insurance: Chinese evidence of the substitution effect Permanent land-use rights and endowment insurance: Chinese evidence of the substitution effect](/preview/png/5047933.png)
This paper studies the substitution effect of permanent land-use rights on endowment insurance in China. We first explain the rationality using an overlapping-generations model with heterogeneous households possessing land-use rights or not, and find that economic agents profiting from land in the latter stage of their life tend to save less for retirement than their land-deprived counterparts. Empirical evidence from village-clustered Chinese survey data on rural households supports this finding, locating a significant negative effect of land on social and commercial endowment insurance purchase. Apart from the important policy implication of compensating land-deprived farmers with insurance, our theoretical and empirical models both yield unexpected informing findings.
Journal: China Economic Review - Volume 21, Issue 2, June 2010, Pages 272-281