A Study On The Improvement Of Overall Planning Of Endowment Insurance From A Bounded Rationality Perspective

The pension insurance, as an essential component of the social insurance, is also one of the core componants in total social security system.In the course of China's economic transition, the pension insurance system has undertaken a thirty-year reform, which leads to the nationwide establishment of the urban pension insurance system. Despite some achievements, there are still a lot of problems require deep study and further research. With the theoretical and practical study on these problems, the causes and solutions will be found. That, undoubtedly, will be of great practical significance for the further reforms in the pension system.At present, Pension insurance in our country is mainly based on county or city' level since it was founded. China's pension insurance is not overall planed by central government.The pooling level of pension fund is very low which is directly related to the degree of risk and even all existing problems in the pension insurance system, such as the rational flow of human resource, enlarging the pension insurance coverage. Based on the law of large numbers, the higher the level of the pooling is, the stronger ability the fund has to resist risks.Finally,pension insurance at the national level will be achieved to meet the essential requirement of the socialization of pension insurance. It is also the developing direction of the pension insurance system in our country.The government is the rules and regulations performers. Their execution effects immediatly influence government rules and regulationsv' alidity.The government is affected by the objective fuzzy,profit preference and information asymmetry.Making choice is under bounded rationality and restricted by the instability of the knowledge,environment and information.The traditional theory is based on the complete rationality principle.The deduction process is based on the assumption of complete rationality. The equilibrium is an optimum result from the logical operation by the government.However,it is difficult for them to make the optimum choice under bounded rationality as under the traditional consumption.It is difficult for them to reach the equilibrium in short-term.Obtains from the limited rationalperson suppositions' theoretical perspective, we can analysis the government behavior of the improvement of the overall planning of endowment insurance in China.In this basis, we explore the path of the improvement of the overall planning of endowment insurance,thus government behavior is guaranted to implement effectively.