Research On Coordinated Development Of Commercial Pension Insurance And Social Pension Insurance

The key to the world's pension reform is the introduction of commercial pension insurance to participate in the establishment of social pension insurance system, realizes the coordinate development of commercial pension insurance and social pension insurance. Chinese government has also carried out a series of pension reforms, similarly emphasized the role of commercial pension insurance. Therefore, the possibilities of the coordinate development, the situation of coordinate development between commercial pension insurance and social pension insurance, the effect of inconsistent and restrictive factors, and how to promote the coordinate development of these two major issues are worthy of study.Related research mostly focus on theory and policy analysis, there are few studies from the perspective of the coordinate development of the system, based on the systematic science, insurance, economics, management science, the thesis discusses the coordinate development between commercial pension insurance and social pension insurance. This paper first combs the basic theory of coordinate development between commercial pension insurance and social pension insurance, then continues to empirically analyze the interactive relationship between the commercial pension insurance and social pension insurance, then made the conclusion that there is a long-term stable equilibrium relationship between commercial pension insurance and social pension insurance, furthermore, through the model of coordinate degree measures the degree of coordination between commercial pension insurance and social pension insurance, analyzes the economic social influence and restrict factors of disharmony, and finally puts forward corresponding countermeasures.Specific contents and conclusions are as follows:Firstly, describes the background, purpose and significance of the research, literature review, the content and framework, route of technology, innovation and inadequacy.Secondly, combs theoretical basis of coordinate development between commercial pension insurance and social pension insurance. This chapter defines the relevant concepts, including the development, coordination, coordinate development, and coordinate development of commercial pension insurance and social pension insurance. It also analyzes the commonalities and differences and interacted relationship of commercial pension insurance and social pension insurance. The chapter combs the basic theory, including the theory of connection and development, theory of relationship between government and market, theory of relationship between fairness and efficiency, hierarchy of older needs theory, system theory and synergy theory. In conclusion, whether it is from the nature of commercial pension insurance and social pension insurance, or from the basic theory, realizing the coordinate development of commercial pension insurance and social pension insurance is the need to establish and perfect the pension insurance system.This so-called coordinated development between commercial pension insurance and social pension insurance refers to guide under the mandatory operating rules build by country, within a certain range of regional, co-ordinates the development of commercial pension insurance and social pension insurance, so that the two between subsystems or internal subsystems interact, mutual influence, mutual restraint, promote each other, try to play to their respective advantages and avoid shortages, promotes coordination and development between two subsystems or internal subsystems, works together to promote establishment and improvement of multi-pillar pension system, thereby reduces the country's fiscal pressures, reduces administrative costs and expands coverage of pension insurance, improves the overall level of old-age security.Thirdly, applying the econometric method, using the statistical analysis software Eviews6.0, empirically analyzes the interaction between commercial pension insurance and social pension insurance. It through1990-2012time series data and2006-2012panel data analyzes the interaction between commercial pension insurance and social pension insurance. The conclusion is that there is a long-term stable equilibrium relationship between commercial pension insurance and social pension insurance, with the possibility of coordinate development.Fourthly, measures the degree of coordination between commercial pension insurance and social pension insurance. First, sets up evaluation index system of coordinate degree, then, applies to model of coordinate degree to measure the degree of coordination between commercial pension insurance and social pension insurance in data for2006-2012of China. From the perspective of province, coordination degree shows "Rugby" shape, and the vast majority of coordinate degree is on the rise, small part is on the declining. From the four regional perspectives, the degree of coordinate development in eastern region and central region is relatively stable, the degree of coordinate development in the northeast region and western region fluctuates, northeast area decreased while the western region is on the rise. In conclusion, whether from the view of provinces, or from the four regions, the status of coordination between China's commercial pension insurance and social pension insurance is not ideal. In addition, from the view of relationship between economic development and coordinate degree, individual GDP and coordinate degree between commercial pension insurance and social pension insurance have no directly inevitable relationship.Fifthly, analyzes the economic and social impact and constraint factor of uncoordinated between commercial pension insurance and social pension insurance. First, analyzes the uncoordinated economic and social impact of China's commercial pension insurance and social pension insurance, including:not conducive to the establishment and consummation of China's multi-level pension insurance system, not conducive to the transformation of economic growth mode, not conducive to the financial market structure, not conducive to the solving of rural old-age problem, not conducive to improving the operational efficiency, and from the four aspects of government, commercial insurance companies, insured, external environment to analyzes the constraints. The government, including the positioning is not clear, supplementary old-age insurance system is not standard, lacking of preferential policy, provision is weak. The Business insurance company, including the study of social pension insurance is not enough, lacking of specialization, limit of profit nature. The Insured, analyzes from individuals and businesses. The external environment, analyzes from economic aspect and the aspects of social and cultural.Sixthly, based on the evaluation results, puts forward the ideas and suggestions of coordinate development between commercial pension insurance and social pension insurance. From the three aspects of government level, commercial insurance company level, insurance industry level, puts forward suggestions to enhance coordinate development between commercial pension insurance and social pension insurance. The government, including positioning of commercial pension insurance and social pension insurance accurately, should perfect preferential policy of tax, determine the appropriate substitution rate, extend investment channels, develop economic and increase the investment of social pension insurance. Insurance company, including strengthening self construction and also develop pension products of marketable, strengthening insurance services. Insurance industry should strengthen the development of the insurance intermediary and industry, strengthening the construction of insurance credit rating agencies and rating system.Seventhly, proposes summary and research prospect.The research of coordinate development between commercial pension insurance and social pension insurance not only broadens the research perspective, enriches the pension insurance theory, provides theoretical guidance for the coordinate development of commercial pension insurance and social pension insurance, and help to promote the deeply reform of the social pension insurance system.