Regional Comparative Study On The Influencing Factors Of Chinese Social Endowment Insurance

With the acceleration of China's aging population and the increasing burden of old-age pensions,the national old-age insurance coverage ratio for urban employees is also declining.The government is paying more attention to the development of social pension insurance and has carried out a series of reforms.A complete social insurance system that integrates urban and rural development is an inevitable measure to cope with the aging of the population and an inevitable requirement for a more equitable and sustainable social pension insurance system.Under the dual pressures of population aging and social insurance payment difficulties,it is of great significance to study the influencing factors of social pension insurance and the regional differences in China to improve the social security system and the sustainable development of the pension system.This paper summarizes the research results of previous scholars on China's social endowment insurance through literature analysis and comparative analysis.On the basis of researching and analyzing the reform and development of social endowment insurance,it has made innovations on empirical methods,using cluster analysis methods according to the provinces of China.And the factors affecting the development of social endowment insurance in municipalities are divided into three regions,and the five indicators of economic development level,old-age dependency ratio,government public finance expenditure in social security and employment,price level and urbanization level are explained.Variables,select the inter-provincial panel data from 2007 to 2016 to conduct an empirical comparative study on the factors affecting social insurance in various regions.The conclusions of the study prove that the influence of each explanatory variable on the three provinces and municipalities directly differs,which further proves the rationality of the divided areas,and proposes the better development of China's social endowment insurance based on the three regions.Targeted suggestions and measures: While the government implements differentiated policysupport and perfects social security laws and regulations,the municipality directly under the Central Government should improve the multi-level social security system and try to implement personal tax deferred commercial endowment insurance.The two provinces should not be eager for quick success.Blindly expand the coverage of social pension insurance,and the three districts pay attention to the improvement of urbanization level under the premise of government subsidies.The article has created favorable conditions for the full play of the role of social endowment insurance,and further promoted the deepening development of China's pension insurance system reform.