Abstract
Using data from the Chinese Household Income Project survey of 2013, we conducted an empirical study to investigate the impact of public pension on the labor supply of working-age intra-household members in China and tested three hypotheses on the issue. The conclusions drawn were as follows. First, public pension reduces the supply of working-age labor. Second, public pension has a significant negative impact on the labor supply of urban male residents and the probability of rural residents’ participation in agricultural work. Third, public pension positively affects the labor supply of working-age laborers participating in non-agricultural work; the positive effect is greater for women than for men. Fourth, public pension positively affects the labor supply of urban women with preschool children aged 0–6 years. The results suggest that the effects of public pension must be evaluated from multiple perspectives.
