Research On Surrenderring The Town Worker Endowment Insurance

With the market-oriented reforms, labor flow between different sectors and regions. However, labor flow involves the transfer pension insurance relationship. In the context of aging population and the disintegration of the traditional family structure, Social pension insurance is not only the basic ways insured person a sense of security, but also the key to maintain sustainable social development. In China, the pension insurance is municipal pooling basically in2007years ago. There is Unified pension insurance system all over the country. Due to Differences in the pension system and personal choices, Parts of the insured individuals opted out The Town Worker Endowment Insurance. It is the first day of the new pension insurance relationship shift deal in January1,2010. However, there has been a massive surrender tide in Shenzhen a day earlier. Nearly twenty thousand Insured, a record number, flock to social security agencies to surrender. For the insured object surrender reason, industry and academia proposed various explanations.Firstly, through the surrender phenomena and related research literature, this article review creation of an overall understanding of the research question, And proposed to be taken of the technical route; Secondly, it analysis theoretical basis of the surrender behavior from Expectation effect theory, choice theory under uncertainty and behavioral decision theory and discusses the influence of the surrender behavior; Thirdly, it recalled Chinese pension system development process to understand the current system of pension insurance system, then it discusses how society endowment insurance imbalances impact surrendering in province-level and institutional level; Last, it use data insured form Shenzhen Social Economic survey to analysis the insured individual’s insured benefits, surrenders behavior factors and the effect of the new pension insurance relationship shift deal.The main conclusions are as follows:Firstly, from the base wave of the survey sample, the surrender probability of male insured individual’s was significantly higher than the insured individual female; With increasing age, the probability of the insured individual’s surrender declining, the rate of decline increases with age; the nonlocal Hukou insured individual’s the surrender was significantly higher than the insured individual with local Hukou, the regression coefficients of the urban Hukou insured individual was higher than rural of intergenerational income for workers at this stage. Net transfers increased with decrease in the discount rate increases, with the decline in average wage growth rate decreases. Female groups, foreign domicile, low-income groups are transfer income groups in the redistribution.