A Reference Study On The Endowment Insurance System In Japan

The endowment insurance system is an institutional arrangement that can provide stableand reliable source of income for the aged and guarantee the old people’s basic needs of lifein order to maintain social stability. The endowment insurance system is such a big issue thatrelates to all the citizens, and having influences on the coping with aging population and thesociety’s harmonious development in China.Accompanied by economic development, the contradiction brought by the aging ofpopulation has become a global issue. Especially Japan, it suffers one of the fastestdevelopment rates of aging population in Asia.After half a century’s development, the endowment insurance system in Japan hasformed a more perfect social endowment insurance system. However, problems like the agingof population and fewer children have great effects on Japan’s endowment insurance system.Because of the adverse effect brought by the aging of population, the government of Japanstarted the reform of endowment insurance system.This paper analyzes the endowment insurance system in Japan through5parts andfinally discusses the enlightenments for the endowment insurance system’s development inChina. The first part is introduction, which includes the research background, researchsignificance, literature review, research methods and innovation points of this paper. And thesecond part provides the definitions of relevant concepts and the theoretical basis of thispaper. Part three states the endowment insurance system and its reform in Japan, analyzing itsdevelopmental history and the results and characteristics of the endowment insurancesystem’s reform in Japan. The fourth part introduces the endowment insurance system inChina, discussing its developmental experience and its current situation. In part five, thispaper studies the enlightenments brought to the endowment insurance system in China fromJapan’s endowment insurance system.The establishment of China’s endowment insurance system is quite late; and it is still inthe stage of reform and development. According to the current issues such as the rapideconomic development, aging of population, the imbalance of economic development, thegap between rich and poor in different regions, especially the problem of the dual structure inurban and rural areas; they all put forward new requirements for the endowment insurancesystem in China. In pace with more attention is paid to the aging of population in our country,China’s first blue book of aging enterprises’ development—The Development Report of AgingEnterprises in China，was released in Beijing on February27th,2013. The blue book pointsout that ‘a positive response to the aging population’ should be regarded as a national policy. China and Japan have quite a few things in common on the issue of aging population.Therefore, China should positively explore the way how Japan has developed its endowmentinsurance system under the background of the aging population, using Japan’s goodexperience to develop and complete the endowment insurance system in China.