Research On The Rate Of Basic Pension Insurancefor Urban Workers In China

Many scholars at home and abroad have studied the basic pension insurance rates.Looking at the history of the development of China's basic old-age insurance,we can find that a few years ago China's social insurance rate remained high.It can be seen from this that the costs borne by Chinese enterprises are much higher than those in these countries.The competitiveness of Chinese enterprises will inevitably be affected,especially when economic growth becomes a new normal.In addition,with the aggravating trend of population aging,less and less working age population will also affect the competitiveness of enterprises.In recent years,under the leadership of General Secretary Xi,China's "supply-side reform" has become a major innovation and driving force for economic development.Reducing the social insurance premiums is a decision that will help reduce the burden on enterprises,and it is also a great help to stabilize economic growth.Therefore,it is very necessary to lower the social insurance premiums.So,in the context of population aging,how much can the rate of basic pension insurance in urban enterprise system decline not affect the standard of living of workers or violate the principle of actuarial insurance?In addition,does the payment of pension insurance have regional characteristics?This is the question to be discussed in this article.This article from the National Statistical Yearbook,selected the China 2008--2016 year in 31 provinces(municipalities and autonomous regions)of the panel data,and carries on the descriptive statistics of data were analyzed,and then establish the individual fixed effect model of 31 provinces(municipalities and autonomous regions)of the basic old-age insurance premium the employees can cut space.The research results in this paper are:from the perspective of social co ordination,under the condition of maintaining the current system support rate,replacement rate and fund revenue and expenditure ratio,the 9 provinces(municipalities and autonomous regions)of Guangdong,Shandong and Beijing can reduce the rate.From the perspective of social pooling and fund balance,we have forecasted the payment of basic old-age insurance rate in 2017-2045 years.In terms of policy recommendations,basic pension realize the national co-ordination,expand commercial insurance,delay the age of retired workers,improve the replacement rate and so on.