The Impact of New Rural Cooperative Insurance on Migrant Workers' Consumption: Empirical Analysis Based on China Migrants Dynamic Survey

Abstract

Based on the data from the National Health Commission of China, this paper analyzes the impact of the new rural cooperative medical insurance on the household consumption of migrant workers by using the ordinary least squares method and the propensity score matching method. The study found that the average annual per capita consumption of participating migrant workers decreased by 3.5%, and the influence of NCMS on the consumption of different groups of migrant workers was significantly different, among which, the negative impact of consumption of low-income group, young group and group with high degree of urban integration is significant. Based on the analysis of the consumption mechanism of NCMS and the heterogeneity of migrant workers, this paper puts forward some differentiated insurance policy suggestions.