An Empirical Study on the Effects of Social Endowment Insurance Reform in China

In recent years, China, the world’s largest population country, has also become an aging society. Social endowment insurance is not only a major source of income after retirement but also plays a major role in social stability. In 2005, large-scale social endowment insurance reform was conducted in China. Through this reform, the social endowment insurance became unifed and normalized, and the participation of the social endowment insurance was obligated for an employee. In addition, the government has issued various welfare policies so that the unemployed, free job and rural residents can join social endowment insurance. Then, this paper analyzes the effect of the reform of China social endowment insurance on the amount of Insurance premium of social endowment insurance and the distribution of family expenditure by using the DID model and the fxed effect model.