Social Pension Insurance And Commercial Life Insurance: A Comparative Study On Moral Hazard

Moral hazards are common in modern economy and society. They make ineffectiveness and waste in resources configurations. Social pension insurance and commercial life insurance are different kinds of insurance. Moral hazards exist a lot in them and the performances are complex too. Social pension insurance and commercial life insurance have different goals, which make their systems and environments different .In these two fields, moral hazards have certain general characters and clear difference too. Beginning with general theory of moral hazards, this paper gives analysis on the production root and general manifestation of moral hazards. Then comparative researches are given to the performance, producing and evasion of moral hazards in the two fields. Emphatically, analysis is carried on the distinctions and their reasons. And then the author gives proposals for the control of moral hazards in social pension insurance and commercial life insurance accounting for their different survival surroundings.