The Feasibility Study Of Asset Social Policies In The Construction Of Pension Security System

With the development of economic and changes in the population structure, China is confronted with the double pressure of the aging population and the high replacement rate of pensions at present. The emergence of these issues has brought new challenges to the field of Chinese pension security. The phenomenon of an aging population and high pension replacement rate has increased the labor force and social burden,and it also has a impact on the country's economic, cultural, social and other fields. In addition, the pension function of traditional family model has been weakened gradually, making the discussion of the new pension models and the realization of the innovation of the solution in the system and concept a necessity. For this demand,the article has proposed the perspective that implement Asset Social Policies in Chinese pension security system,and focused on its feasibility and practical difficulties that could be encountered in the specific implementation, and proposed the corresponding solution in the last part of the article,and the author hope that it can provide a new solution to the research of Chinese pension security system.This article has discussed the problem of the feasibility on Asset social policies in the Chinese pension security mainly from two aspects of the theory and practice. At the theoretical level, this article has summarized the research of Asset Social Policies at present, including the theoretical concepts related to it, the background of Asset Social Policies, the positive effects of Asset Social Policies and the implementation tools of Asset Social Policies and so on. In 1990, for the first time, Professor Michael Sherraden has proposed"Asset Social Policies"in the book of《Assets And The Poor》. He believes that all the programs, rules, regulations and laws that can stimulate Citizens, families, especially the poor to acquire real estates and financial assets widely and fairly to promote their welfare belong to Asset Social Policies. Asset Social Policies have a series of positive effects, they are more conducive to the development of individuals and the stability of families and society, and create a new era of welfare policies; They also provides a new anti-poverty ideas, and can promote the development of Chinese financial markets;At the same time, they also stimulate the development of human capital and expand political participation.At the practical level, the article had described the practice of Asset building in Singapore, the United Kingdom, the United States and other countries. Singapore's Central Provident Fund system, Britain's Child Trust Fund and savings channel, as well as the existing practice of Asset building of United States have provided us with a wealth of practical experiences, at the same time we should also be aware that the background of Asset building in these countries are different from Chinese national conditions, we should propose practical solutions contrary to our country's conditions. Through the analysis, I have summarized the feasibility and practical difficulties that could be encountered in the implementation of Asset Social Policies in Chinese pension security system:the powerful macro-control function of Chinese government and existing Asset building practice of our country are all the favorable conditions that Asset Social Policies can be implemented successfully in our country,but we can also encountered many practical difficulties in process of implementing it,for example,the traditional pension and consumption concepts have bounded people mind,there is few people who own the assets in our country,the personal pension accounts we have now are not the real asset accounts and the functions of our commercial insurance etc. It is significant for the implementations of Asset Social Policies in our country that these practical difficulties could be solved smoothly. The last part of this article has proposed corresponding solutions contrary to the frontal practical difficulties,which are the final conclusions of the article:the conditions that Asset Social Policies can be implemented smoothly in the pension security system of our country are breaking through the bound of traditional concepts,government could assume the responsibility of designing the social pension system and the task of organizing and coordinating asset accumulations actively,increasing the old men assets most effectively,building the personal account system with real asset significance,playing the role of Asset Social Policies in the building of social pension system.The previous study of Asset Social Policies are mainly limited in the fields of social assistance and the areas of poverty reduction,and the greatest innovation of the article is that it has proposed the perspective that Asset Social Policies could be applied in the pension security system of our country,and it also has elaborated the feasibility of the implementation of the policy systematically. At last,the author hope that the elaborations of this article could promote the pace of applying Asset Social Policies to the building of the pension system in our country in order to resolve the pension crisis at higher speed. At the same time,the author also wish that this article could provide the further basis for the research of Asset Social Policies in the building of pension security.