The Research On The Replacement Rate Of Pension Insurance In China

Replacement rate of Pension insurance is an important indicator of social endowment insurance. Setting a reasonable replacement rate has important theoretical guidance and practical significance for the establishment of contribution rate. Chapter 1 is the introduction which points out the significance of topics of this paper, as well as the current rate of both the domestic and alternative to the old-age insurance status; The second chapter reviews the main course of development of the endowment insurance system and I expose the current international trends in the basic old-age insurance reform; The chapter 3 is mostly about the quantitative analysis of the substitution rate. I calculate the average replacement rate under the current system and the sensitivity analysis on the various factors which affect the replacement rate; In Chapter 4, through modeling extended linear expenditure system, linear regressions are used to come up with different income groups to ensure a basic standard of living indicator of the rate of substitution. Then I find that a reasonable replacement rate should keep both the structure and the total content resonable; In Chapter 5, I make adjustments on both volume and structure of the existing pension insurance system,and present three alternative pension rate adjustment programs by giving different weights of the fairness and efficiency . Taking inflation into account, it is better to induct the indexation adjustment mechanism which improve the pension insurance system; Chapter 6 is the conclusion of the previous chapters,which summarizes the results of the analysis, and gives policy recommendations.