Version 1
: Received: 29 September 2024 / Approved: 11 October 2024 / Online: 11 October 2024 (16:55:50 CEST)
How to cite:
Bin, R.; Yi, L.; Xing-ping, L. Pathways to Progress: Market Regulation Transformation and Social Security Enhancement in China. Preprints2024, 2024100918. https://doi.org/10.20944/preprints202410.0918.v1
Bin, R.; Yi, L.; Xing-ping, L. Pathways to Progress: Market Regulation Transformation and Social Security Enhancement in China. Preprints 2024, 2024100918. https://doi.org/10.20944/preprints202410.0918.v1
Bin, R.; Yi, L.; Xing-ping, L. Pathways to Progress: Market Regulation Transformation and Social Security Enhancement in China. Preprints2024, 2024100918. https://doi.org/10.20944/preprints202410.0918.v1
APA Style
Bin, R., Yi, L., & Xing-ping, L. (2024). Pathways to Progress: Market Regulation Transformation and Social Security Enhancement in China. Preprints. https://doi.org/10.20944/preprints202410.0918.v1
Chicago/Turabian Style
Bin, R., Lin Yi and Li Xing-ping. 2024 "Pathways to Progress: Market Regulation Transformation and Social Security Enhancement in China" Preprints. https://doi.org/10.20944/preprints202410.0918.v1
Abstract
The sustainability of social security is increasingly important to countries worldwide, yet the impact of regulation on social security remains controversial. Most scholars and policymakers focus primarily on the influence of social regulation on social security, while to varying degrees neglecting the effects of market regulation. This study employs data on the relaxation of market regulation (RMR) from the Marketization Index of China’s Report (MICR) and balanced panel data for 31 provinces in China from 2008 to 2019. Using instrumental variable methods to address endogeneity issues in the model, we empirically evaluate the impact of China's RMR on the level of social security (SSL) and its underlying mechanisms. The conclusion indicates that for every standard deviation increase in the intensity of RMR by local governments, there is a 2.25% increase in SSL. The study also found that social security expenditure and efficiency serve as mediating variables for the impact of RMR on SSL, but it did not support the mediating role of social security fairness. These findings offer valuable insights for optimizing regulation and social security reform in China, as well as useful references for other emerging market economies in identifying priorities for their coordinated regulatory and social security reform.
Keywords
Social security; Market regulation; Medical security; Marketization transformation
Subject
Public Health and Healthcare, Public, Environmental and Occupational Health
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
