Boosting Pension Enrollment and Household Consumption by Example: A Field Experiment on Information Provision by BAI Chong-En, CHI Wei, and LIU Xiao.

This paper consists of six main parts. The introduction discusses the phenomenon of generally low participation in government welfare policies, and offers a literature review of the current methods and measures to improve the participation.

The second part systematically outlines China's basic pension insurance policies, including that for urban employees and that for urban and rural residents, and compares their similarities and differences in terms of applicable population, pension amount, and payment.

The third part uses economic theories to establish a net present value model for different time periods of residents participating in pension insurance policies. Through comparative static analysis, it explores how promotional brochures impact the participation rate for pension insurance, and examines whether different age groups react differently to information.

The fourth part outlines the specific experimental design, including the random grouping method, intervention measures for each experiment group, and experiment process.

The fifth part presents the results of experiments and reports on the impact of manuals with different content on the participation rates and effects. It also analyzes the impact of promotional content on residents' consumption.

Finally, the sixth part summarizes the research and discusses subsequent impacts and implementation measures.

Based on the results of experiments, this paper verifies that when conveying promotional information about welfare policies to the public, specific examples, comparisons of different benefit schemes, and personalized benefit information should be included to increase the possibility of participation in welfare policies. It also asserts that targeted promotion for specific groups can yield positive while reducing costs, promoting the participation of critical groups in social welfare policies such as pension insurance.