A Study On The Development Of Pension Industry In China Under The Background Of Population Aging

With the continuous development of our economy,and resolutely implement of the basic state policy of Family Planning for many years,our country has entered into the stage with the rapid development of an ageing population.According to statistics,the population over 60 years has reached 214 million in our country by 2014.And it is expected to reach 243 million in 2020,will exceed 300 million in 2025.The policy of Family Planning in the reform and opening up has caused a significant decrease in the fertility rate and the obvious change in the age structure of the population.The change of population structure has obvious impact on China's economic structure,which puts our country in the economic environment of "not rich and old" and has influence on the element structure of our country In terms of social dependency ratio and demographic dividend;the influence of the intermediate variable on the consumption structure of our country through the savings rate has promoted the emergence of the pension industry;it also influences the industrial structure of China through the adjustment of consumption and demand structure;due to the acceleration of urbanization and the rapid development of urban-rural integration in the post-reform and opening up,the aging of population also has an impact on the urban and rural structure in China.At the same time,the adjustment of the industrial structure will have an impact on the pension industry.With the optimization and upgrading of the industrial structure,the third industry of service industry came to the golden stage of development,the aging of the population has provided new opportunities for the development of tertiary industry as well as new challenges.China is still in the "demographic dividend" period for the time being.How to seize the opportunity window of the transition of population structure,deal with the problems such as the population debt and social heavy pension burden that emerges after the gradual disappearance of the demographic dividend has become the focus of attention of all sectors of society.Population aging has a great impact on economic structure,and the resulting industrial structure adjustment is an important economic issue in recent years.The pension industry will usher in a golden period of development in the event of an aging population.Therefore,it is particularly important to study how to adjust the industrial structure and promote the development of the pension industry,so as to promote China's economic growth and adapt to the aging trend.An aging population increases the social endowment burden,bring a huge support pressure to the existing family especially young groups,but also promotes the development of the pension industry and the improvement of the endowment structure to a certain extent.So the study on the pension industry development of our country under the background of population aging undoubtedly has the huge theoretical and practical significance.The pension industry is not only related to the person and the family,but also relates to the industrial structure adjustment and economic development of the national economy,what's more,it is about the stability of the social structure and the harmony of social relationships.Actively respond to an aging population,expediting the development of the pension industry,exploring the distinctive endowment security system which conforms to China's national conditions,Continuously satisfying the increasing demand of the elderly pension service,is good to safeguard the rights and interests of the elderly life and share the great achievements of Reform and Opening up and the development of economy.Along with the aging process of China's population is accelerating,the pension problem is becoming more and more prominent.It has brought challenges to our pension,also means that China's pension industry has great development space and development potential over the next twenty years.Not only provides a good pension services the growing elderly population of our country,at the same time gives full play of the pension industry in expanding domestic demand,boosting employment and promote social and economic sustainable development in China.In the course of writing,this paper clarifies the relationship between theory and logic,focuses on the development of China's pension industry in the context of economic restructuring and industrial structure upgrading,consolidates the basic theoretical basis of the development of the old-age industry,and clarifies the current situation and existing problems of the pension industrystrictly following the basic principles of theoretical guiding practice.And suggestions for promoting the development of China's pension industry are put forward on the basis of rationalizing the development trend of the pension industry according to the industry particularity of the pension industry and good industrial development experience outside the region.The specific objectives of this study are as follows:First,the transmission mechanism and theoretical framework of population aging,economic structure and pension industry are constructed,and to clarify the important role of population aging in economic structure and the influence of industrial structure adjustment on China's old-age industry.Through the empirical analysis of China's elderly consumer market,it is clear that the change of population structure has important influence on savings,consumption and the expansion of the elderly consumer market.Second,the paper expounds the current situation of China's aging population and the development of the pension industry,and analyzes the development dilemma of the pension industry in the context of population aging.And the research results of domestic and foreign related research on the old-age industry and the consumption of old age are sorted out,some experiences and models have been proved successful.And clear the pension industry in China's main development environment and development path,finally put forward to promote under the background of population aging policy suggestions on the development of pension industry in our country,promotes the industrialization and large-scale development of China's pension.The innovation points of this study are as follows:First,there is a lack of systematic research literature on the existing pension industry.This paper constructed the transmission path and the analysis framework of an aging population,economic structure and pension industry,and expounded the mechanism of the change of population age structure,the adjustment of industrial structure and the growth of the pension industry market.Second,the elderly consumer market in China is analyzed.This paper studies the consumption behavior in the context of aging and discussed the influence of population structure on household saving and consumption through the analysis of family micro cross sectional data and macroscopic savings level.Third,this paper defined "pension industry" precisely and analyzed the endowment industry and the pension enterprise.In detail,the related materials of the development of the pension industry in developed countries were collected and analyzed,and the commonness of the development experience of the pension industry was analyzed.It is of great significance for the development of China's old-age pension industry in the context of population aging.Combined with China's actual situation and the development status quo of pension industry and realistic difficulties,the paper put forward the path and the development tendency of the development of pension industry in China,and gave the policy and Suggestions to promote the development of pension industry in the context of the development model of pension industry in developed countries such as Japan,the United States and Britain.Specific contents are as follows:The first chapter introduced the research background and research purpose of the paper?China is the most severely aging developing country,Population aging is not only the basic national condition of China,but also the key factor to be considered in socialist economic construction.With the deepening of the aging of China and the weakening of the role of family pension,the need for social care for the elderly will be increased,therefore we must promote the development of China's old-age pension industry and build a new social pension service system.Therefore,it is an urgent and important task to promote the development and growth of China's pension industry,alleviate the social pressure brought by the aging of the population,and adapt to the form of economic restructuring.And then introduced the research contents and methods of this paper,and the possible innovation and the deficiencies.The second chapter generalized and evaluated the research results at home and abroad judging from an ageing population causes and standards,the impact of population age structure change for economic and social development and the influence of economic structure change of pension industry three aspects and pension industry's own developmentThe third chapter defined the concept of population structure and population aging,analyzed the causes and status quo of the current China's aging population.Finally,we analyze the difficulties we are facing under current trend.The fourth chapter defined the concept of pension industry and the theoretical basis of pension industry,then analyzed the characteristics of pension industry and the influence factors of pension industry.Then analyzed the conduction path of the aging of population,the economic structure and the pension industry from the theoretical mechanism,discussed the influence of population aging on factor structure,demand structure,distribution structure and industrial structure,and the important role of industrial structure adjustment to the old-age industry.Then the characteristics of the old consumer market are discussed,the population aging and the consumption behavior of the elderly population are studied from the micro level of individual consumption data and macro level of residents' saving data,discussed the positive effect of demographic transition on the expansion of the elderly consumer market.The fifth chapter discussed the present situation and the existing problems of the pension industry development in our country.Summarized the current pension industry development in our country as follows: the imperfect of the endowment industry related policy,absence of regulation,supply and demand imbalance of the pension industry,failed to achieve optimal allocation of resources,the imperfect of the endowment service system,the relative lack of pension products and services and professional talents,the low service level,uneven development between industries,not formed the effect of the industrial chain,the low level of pension security system security,not enough financial support,as such problems.Then the paper discussed the pension industry development in our country's political,economic,social,cultural and technological environment with PEST analysis method.Finally this paper discussed the development trend of the pension industry in China: the pension industry will become an important part of national economy,the pension industry service mode innovation,the development of the industry informatization will approached perfection and the Perfect pension industry chain structure.The sixth chapter combed the successful experience of the pension industry development of Japan,the United States and British to extract some able to draw lessons from the successful experience for our country,included the following several aspects:1.The pension service industry can't depart from the support of the government.The pension industry development needs the government's legislation?related welfare policy and funding support.2.The Service content of pension services industry should be diversified.It is not hard to see from the successful experience of Japan,the United States and British pension industry in the passage,a very important reason is that it can provide a variety of services from multiple perspectives,able to meet the personalized demand of the elderly.3.The diversification of the source of the pension service industry funds.Only diversified and multi-channel source of funds could effectively solve the problem of pension industry development of huge amounts of money.The seventh chapter clear the "small profit model development idea" of pension industry and the "four one" path of the development.Then the paper came up with the policy and the suggestions to promote the development of old-age industry in China under the background of population aging,form the following several aspects: Clear the functions of the government,clarify the responsibility of the department,perfect the related system and policy arrangement,strengthen the guide and support,mobilize social resources endowment to rich the products and services,implement the industrial resources optimization allocation,perfect the social security system,establish the diversified pension financing channels,Constantly innovate old-age service,perfect the talent team construction,improve the quality of the practitioners,build a new mode of pension and take the path of industrialization,build an all-round pension industry chain,cultivate the endowment consumer market,increase the endowment service needs,strengthen the evaluation and supervision of the old-age service,create a good pension service environment,etc.