New Rural Old-Age Security: Institutional Choice And Sustainability

Now,China is facing an important opportunity in the development period,and this is the time that contradictions occur suddenly.In recent years,at the objective background of promoting economic and social stability and dealing with the accelerated aging trends effectively,accelerating the building process to China's rural social security institution has become a wide consensus in all society,at the same time it has been given more attention in the three agricultural issues by Communist of China and government.However,for a long time,due to the "dual economy" effect,the social security institution in rural areas lagged far behind,at the same time,the traditional rural social old-age insurance also encountered difficulties in practice.These reasons above bring about the situation that the pension about the majority of peasants in China are in the vacuum of the lack of the formal institution basically.In order to solve the problem of rural old-age urgency,academia has never ceased the path of exploration of rural old-age security theory and practice.In October 2009,the new rural social old-age insurance pilot work has been pushed in ten percent of the counties in China.Therefore,this paper is also at the basis of the existing research,regarding the reform and development of rural markets economy as a starting point,using economics, management,insurance,law and other disciplines related theories integrated,analyzing the institution of rural old-age security,cultural,economic,family foundation and other factors, in-depth analysis of the China's new rural old-age security institution obstacles and problems about the established and sustainable development by adopting the methods of institution theory and holistic view,combination of qualitative analysis and quantitative analysis,empirical analysis and normative analysis,the method of combining induction and comparative law,based on reality,conduct some useful exploration of a sustainable development way to accord our national conditions for building a new rural old-age security institution.This study mainly makes the following job:(1)Based on the experience of rural old-age security institution construction both at home and abroad,the article makes a systematic analysis of basic conditions of the new rural old-age security institution as institution, culture, financial support,and so on.It can not be divorced from our core culture of the fine traditional culture.The Chinese old-age pension institution should be organically combined with the regular to give birth to the sustainable power of promoting rural development of rural social security institution in our country.(2)Analyzing the game equilibrium of fund raise from the farmer,government (collective) in a new type of rural social endowment insurance.Farmers,collective and the government's financial support for rural old-age security were analysed according to comparing the two aspects in total and part.Using the comparison of data from the income and expenditure of urban and rural residents,the situation of rural household income and expenditure data,the Extend Linear Expenditure System model and the payment standard of new rural social old-age security institution,the article analyzes the payment ability of farmers.On the whole,the majority of rural residents already have the payment ability for rural social old-age security.With the rapid growth of government finances in recent years,the ability of financial support for the rural old-age security is growing.But at the same time,the regional imbalance of our country's rural economic and social development once indicated the nonhomoplasy in the process of constructing the old-age security in rural areas.Family protection should be based on in constructing gradient pattern of diversification of rural old-age security institution.In this study,according to characteristics of sub-population,sub-regional,we designed the specific model of new rural old-age security institution.(3)Analyzing the economic and social effects of new rural old-age security.Despite investment in new rural old-age security will lower the economic developing speed in a certain extent,it can improve socio-economic efficiency and per capita welfare.It will improve the overall level of social welfare.In order to achieve the win-win situation for coordinated development of economic and rural people'livelihood,the increase in value about personal accounts old-age funds and rural economic and social development should be comblined together.(4) Using the theory of economics and Insurance,the actuarial model of personal accounts for rural new social old-age insurance is constructed,and reference to relevant data.Focusing on the quantitative analysis for the sensitivity of personal accounts old-age funds accumulated value,the factors of personal account pension income replacement rate of change and longevity risk.Doing quantitative research for the influence to longevity risk on the parameter adjustment of personal accounts.(5)Studying on the mechanism construction of new rural old-age security and proposing institution framework about he mechanism construction.