Research On Chinese Urban Workers On Postpone Retirement Age

With economic reform, China in the 1990s began to reform old-age insurance system, to achieve a state pension from the social pooling and individual accounts to a combination of old-age insurance system changes. Pension system reforms have had a huge restructuring costs. At the same time, the rapid development of the aging population has exacerbated the pension fund deficits. China’s pension system faces enormous challenges, the face of these crises, our retirement system in response to what kind of adjustments, this article from the following seven aspects of the analysisThe first chapter is the full text of the introduction, outline button collar plays a guiding role. The first chapter of this paper some of the fundamental issues of accountability, such as the background and study topics of significance, the main research methods, and innovation to Comment article, pointing out that the three major innovation in this paper: 1. Male and female retirement age due to differences in the level of personal accounts pension payments, pension income and expenditure of social co-ordination to compare men and women raised the retirement age of reform objectives. (2) the introduction of life-cycle theory of the rationality of retirement age, pointing out that the retirement age goes back there help to improve the ability of individuals to protect and increase the supply of labor and pension insurance fund. 3 affect the refined pension income and expenditure parameters and set the parameters according to estimates, the postponement of the retirement of the aging population will result in improved pension supply and demand.The second chapter analyzes the economics of the retirement system to establish the basis and factors. From Diamond’s overlapping generations model, life-cycle hypothesis and the theory of income redistribution Finally, the influence of the Government in formulating exclusionary institutional factors and individual retirement mode selection factors were analyzed.ChapterⅢof the retirement system for urban workers in China’s development status and future trends of the branch. That our presence in the retirement system’s early retirement seriously, there are gender differences in retirement age, retirement age and the retirement system an unreasonable lack of flexibility and other issues. Retirement system for China’s future direction of planning reform: male and female retirement age, retirement age appropriate to extend the back, flexible retirement system, a reasonable pension adjustment mechanism.ChapterⅣof our current retirement system to adjust the background, influencing factors and program options focus on doing a thorough and detailed analysis. From the aging population, pension income and expenditure analysis of the deteriorating real retirement system to adjust the background. From the demographic dividend will cease to exist, increasing life expectancy, and improving the pension contribution rate and reduce the replacement rate can not be achieved to adjust the angle of analysis of China’s retirement system is reasonable. Simultaneous analysis of China’s retirement system to adjust the real constraints, the obvious contradiction between supply and demand of labor, real dependency ratio lower than the theoretical dependency ratio, which determines the country at this stage can not only take the policy to delay retirement. Finally, the adjustment of China’s retirement system to follow the principles of point selection and postpone retirement adjustment programs analyzed.ChapterⅤof the socio-economic impact of delayed retirement was explained. In setting a desired social pooling of pension fund assumptions and model, to postpone retirement for the socio-economic analysis of the impact that delaying retirement to reduce the size of pension liabilities, pension liabilities to reduce time, reduce labor force raising the pressure to increase the labor supply, etc. play a role. Finally, of four to postpone retirement program were compared to the reality of the effect that Option 2 is more desirable.ChapterⅥof the OECD countries the adjustment of the retirement system and learn from the experience were analyzed. Almost no country can fully rely on their own experience to improve and establish retirement system, only the country’s retirement system based on the actual situation, drawing on experience of other countries to explore on the basis of nationally appropriate retirement system. China and OECD countries are facing in the old-age security is very similar to the actual situation, population aging and the aging of the peak arrival time pension payments crisis. Pension reform in OECD countries a long time, the 1990s began to adjust the retirement age. China’s retirement system is in the last generation of the 1950s created, in the 1980s began the reform of old-age insurance, and retirement system remains consistent system for 60 years. Therefore, the study of OECD and other developed countries the adjustment of China’s retirement system development and improvement of the retirement system has far-reaching significance.ChapterⅦof the analysis of China’s retirement policy adjust to implement the policies and proposals. Postponing retirement policy implementation, legislation to establish a system of deferred retirement age, to establish a rational policy to promote the orderly mechanism for the establishment of policy advocacy and guidance mechanisms. Corresponding measures for the establishment of recommendations: expand the coverage of old-age insurance, the organs and institutions of the pension reform, old-age insurance funds increase their value.