Study On Financing Pattern For Endowment Insurance

Along with the development of social society and the uninterrupted growth of economy, the social security system has become one of the country's basic political systems in the world. As one of the basic contents of social security system, the endowment insurance has to face great challenges. With the acceleration of the aging process and the arrival of the Old-age society, how to enable the old people enjoy their lives become one thing that relates to the social stability. Therefore, to build a harmonious social pension system becomes an imminent need.First of all, the article reviews the establishment and development process of the world and China's endowment insurance . then we introduced the current mode of financing, that is Pay-As-You-Go, full fund system and partial fund system. And has carried on the factor which influenced the choice of financing mode. Next we discussed how the various pension systems influence the economic growth and welfare on the basis of traditional economic growth model(Solow model). Afterwards is about an international comparison of pension insurance, the author also introduces several typical cases of how to choose financing patterns and the helpful sense to our China. Finally I have brought forward the current way and ultimate way of our country endowment insurance financing pattern, the current way is Pay-As-You-Go, the ultimate way is partial fund system.