Abstract
China is facing the problem of an aging population. So, the impact of social pension income on labor supply is of great importance for the development of the society's economy.This article uses data from the 2017 China Household Finance Survey (CHFS) and employs probit regression to investigate the effect of pension income on the labor force participation decision of urban elderly people. The regression analysis results indicate that social security pension income has a significant negative effect on the labor force participation decision.
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