Studies On China's Explicit Process Of Implicit Pension Debt

Broadly speaking,the implicit pension debt(IPD) is rooted from the government guarantee on personal pension scheme or its commitment on public one while the IPD with the largest magnitudes and scope is guaranteed by the government under the pay-as-you-go scheme of the public pension. Many countries in the world are reforming their pension systems,the common ground of these reforms is to change from pay-as-you-go finance mode to fund accumulation finance mode, which unavoidably leads to partial or full explicit of the problem of IPD accumulated under the pay-as-you-go finance mode. Whether the pension system transition is successful is closely related to the accurately accounted IPD amount and rationally solved scheme. China has reformed its pension system since 1990's and established part fund accumulation finance mode. And this means China also faces the problem of IPD with no exception.This thesis uses econometrics, statistics, demography and insurance actuarial accounting theories to examine the issue of explicit and emphasizes the combination of qualitative versus quantitative analysis and captive versus dynamic analysis. Supported by the pension theory, this thesis analyzes theoretically the root cause, character and structure of the IPD explicit, meanwhile, based on the actuarial accounting theories, it simulates the dynamic process of explicit. It also uses population data, macroeconomic data and others to calculate the feasibility of modes of compensation and concludes the combined scheme of installment payment for the explicit sector of the IPD.This paper is organized logically by Preface, Qualitative Analysis on the Explicit Process, Quantitative Analysis on the Explicit Process, Absorbability of the Explicit Sector and Conclusion.