Table 1 The summary of main parameters
Parameters | Reference values | Settings |
|---|---|---|
Participation rate of URRBMI | ≥95% (2020 year) | 100% |
Household registration urbanization rate | 45.4% (2020 year) | The average annual growth rate is 1%, reaching a peak of 75% in 2050 |
Per capita disposable income of rural residents | 16,021 yuan (2019 year) | Between 2021 and 2025, the average annual growth rate will be 10%, followed by a decrease of 0.5% every five years |
Bank interest rate | 1.1% (2015 year) | Remain unchanged during the forecast period |
Per capita financing standard | 781 yuan (2019 year) | Set regarding the growth rate of rural residents’ per capita disposable income |
Per capita medical expenses | 1405.7 yuan (2019 year) | Decomposition calculation using “growth factor” method |
Actual compensation ratio | 56.86% (2019 year) | Remain unchanged during the forecast period |