Author: Shouhan Dai, Binlei Gong, Peinan Hu, Xiaoyun Wei

Abstract

This study examines how pension schemes influence land reallocation and agricultural productivity. While previous research typically groups households based on the presence of elderly members, we distinguish between households where the elderly are operators and those where they are not. Our findings show that land is reallocated from elderly-operated to younger-operated households, leading to a 9.8 % increase in agricultural productivity. The rural pension scheme in China drives migration and land leasing out in elderly-operated households, while facilitating rent-in and scale expansion in younger households. These findings offer new insights into how pension schemes can enhance agricultural factor reallocation and productivity.

Links: https://www.sciencedirect.com/science/article/pii/S0304387825002044?sessionid=