Social Security Impact On Private Savings

The social security system is the inevitable requirement of the development of market economy. The development of the market economy created perfect social security system, social security in turn affect economic growth. Social security effects on the savings, is one influence of the economy, correct understanding and deal with the relationship between them will promote economic growth and social development. This page tries to use model test and analysis of the sample, to explain the social security influence savings. In the part of theoretical analysis, its based on the foreign countries classical theory, first introduced Modigliani, Feldstein, Barrow who's the mainstream point of view, and after that introduced a number of other ideas, such as: short-sightedness; the market is not completely well; goal gradient, etc., and then point theoretical of view whether rational. Empirical research component is divided into two parts, the first part is the establishment of the statistical data-based model, through the method of measuring the social security and savings, then obtain the relationship between the savings rate and social security, that is for the good basis for trend analysis in the latter, the conclusion is:the level of social security for each increased by one percentage point, the savings rate will be reduced 0.36 percentage points correspondingly. The second part is by the survey methods, the survey of the residents'satisfaction of social security and savings willingness. The conclusion is: the current residents have strong willingness to save, savings is mainly used to their children's education and the purchase of housing, cars and other big-ticket purchases. Only 16% of the residents feel that level of China's social security is better, the satisfaction is not very high. The trend of savings rate in the future is analysis mainly based on the data model before the text, to predict that China's savings rate will be about 40% by 2030, and comprehensive analysis the reasons why the rate is very high, such as:the requirement of economic development,the proportion of the population imbalance, traditional culture and so on. And then point out policy recommendations for the social security from the perspective of economic development, the policy recommendations such as:rich in the social security system, expand coverage areas, etc. Finally, drawing conclusions by comprehensive analysis and pointing out the inadequacies in the text. The conclusion is:only by raising the level of social security efforts in this direction can not effectively reduce the high savings rate, but also need to expand the scope and intensity of the financial expenditure, promoting consumption structure and improve the capital market can be achieved better results.