Research On The Operation Efficiency Of The Basic Endowment Insurance System For Urban And Rural Residents In Shanxi Province

The aging of the population is an important trend in China’s current social development.In order to actively respond to the pension risks caused by the increasingly severe trend of population aging and solve the pension problem of urban and rural residents in old age,the Chinese government has invested a lot of constructive work in the pension insurance system: it has successively established a new rural social old-age insurance system and an urban residents’ social old-age insurance system for rural and urban residents,and merged these two systems into a unified basic old-age insurance system for urban and rural residents in 2014.In accordance with the unified arrangement of the state,Shanxi Province established a unified basic endowment insurance system for urban and rural residents in June 2014.After eight years of operation and development,the urban and rural housing insurance system in Shanxi Province has also begun to take shape,playing an important role in the people’s happy life.With the continuous expansion of the income and expenditure of China’s urban and rural housing insurance fund and the number of insured personnel,it is more and more meaningful to evaluate the operation effect of the system.This paper focuses on the basic endowment insurance system for urban and rural residents in Shanxi Province,and first clarifies the research background and significance of this paper through literature research and combing.Secondly,on the basis of drawing on the research ideas of predecessors,the connotation of efficiency,basic endowment insurance for urban and rural residents,and operation efficiency of basic endowment insurance system for urban and rural residents is defined,and the relevant policy theory contents of Maslow’s hierarchy of needs,Pareto improvement theory and public policy evaluation theory are expounded.Then,the development process of the basic endowment insurance system for urban and rural residents in Shanxi Province is clarified,and the implementation status of the urban and rural housing insurance system in Shanxi Province is explained from the aspects of insurance participation,fund scale,endowment insurance treatment and endowment insurance operation and management services.Thirdly,input indicators and output indicators were selected,and the DEA model and Malmquist index model were constructed to measure and evaluate the operating efficiency of the urban and rural housing insurance system and the national urban and rural housing insurance system in Shanxi Province,and compare the gap between Shanxi Province and the national average.The study finds that:(1)From a static point of view,the comprehensive efficiency value of the operation of the basic endowment insurance system for urban and rural residents in Shanxi Province in 2020 is 0.960,which is slightly higher than the national average,but it has not achieved the effective status of DEA.(2)From the dynamic point of view,the BCC model was used to analyze and measure the dynamic efficiency of system operation in Shanxi Province from 2015 to 2020,and Shanxi Province reached the effective status of DEA in the remaining years except 2019,indicating that the allocation of input-output resources was reasonable;Using the Malmquist index model,it is found that from the overall perspective of Shanxi,the dynamic efficiency of institutional operation is good from 2015 to 2020,and the total factor productivity shows a positive growth trend,but the development is unstable,and the efficiency needs to be improved.(3)From the quantitative analysis of input redundancy and insufficient output,it can be found that the input redundancy and insufficient output are mainly manifested in the number of insured people,fund income,etc.,especially the redundancy of the number of insured is more obvious;The lack of output is reflected in the expenditure of the Fund,the participation rate and the pension replacement rate.On this basis,the following policy suggestions are put forward: to achieve the coordinated development of endowment insurance and economy;Promote the preservation and appreciation of the value of pension funds;Establish a scientific and reasonable pension adjustment mechanism;Improve the standardized and efficient management mechanism.