关键词: 养老金, 劳动参与, 低龄老年人

Abstract: Previous research suggests different views regarding the effect of pension on the labor participation of the younger elderly. This paper constructs a theoretical model and uses probit model, instrument variable and propensity score matching method to explore the effect. The results show that: (1) pension has a significant negative impact on labor participation rate and labor participation time of the young old; (2) the income elasticity of labor participation of the young old is small, and there is a slight Ucurve relationship between labor participation and pension; (3) marital status, health condition and childcare show significant moderating effects; (4) the effect is more significant among women and rural young old, which is closely related to China's traditional family ethics and urbanrural divide. The results have policy implications for improving labor participation of the young older adults and implementing the strategy of actively coping with population aging.