Faced with the aging population, the government has been experimenting with the New Rural Social Pen- sion Insurance （NRSPI） since 2009. Whether the NRSPI system can substitute the traditional family - based old age provision, and whether this impact differs in different regions, still remain to be evaluated. Therefore, based on survey data of China Health and Retirement Longitudinal Study, this paper adopted the two - stage least squares method to investigate the substitutability between the NRSPI system and family support. The results showed that re- ceiving pensions had no significant effect on the financial support rural households obtained from adult children in eastern region, but it significantly reduced the likelihood of rural households receiving support from their children in central and western regions. However, the amount received by rural households in central and western regions was not sensitive to received pensions. Thus, the NRSPI in central and western regions, but hasn＇ t changed system can substitute family provisions to some extent, especially the tradition fundamentally. Government should promote and improve the NRSPI program with consideration to financial capacity and regional differences.
the New Rural Social Pension Insurance
financial support from adult children