How Targeted Poverty Alleviation Policy Program and Other Possible Factors Affect the Wellbeing of Chinese Seniors

This study conducted a linear regression analysis to investigate the correlational relationship between Chinese seniors’ wellbeing and its possible determinants, in which a difference-in-difference model is adopted to analyze the monetary policy program in China. The study specifically examines several non-monetary possible determinants on seniors’ wellbeing, including family characteristics, individual traits, etc. Meanwhile, it makes an attempt to define and conceptualize the notion wellbeing into a numerical, testable index based on Alkire-Foster methods. The results found that the monetary policy program imposes a positive impact on the wellbeing of seniors, but at the same time implies that the loss of young people in households leads to worse wellbeing status of seniors in families. Also, the results again put an emphasis on the significance of medical resources in determining seniors’ wellbeing.