新农保何以影响老年农民农业生产率OACHSSCD

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 con-straints 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 Fami-ly 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 im-plementation 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 agri-cultural 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.