The Aging Influence On China's Endowment Insurance And Countermeasures Research

The aging of population is a generally serious social problem that many countries face,which is an inevitable result when demographic transition develops to a certain stage. According to the international standard,we call a country aging society when the proportion of its people aged above 65 is above 7%,or the proportion of people aged 60 and above is over 10%. China has been wandering on the edge of the aging society since the last century,after the evolution of nearly 10 years,the pressures and problems of aging population appear,the old population increase and the number of teenagers decrease gradually,the growth speed of elder support ratio is faster than the drop speed of child dependency ratio,and then follow the endowment problems,which makes the endowment situation more and more severe. The studies on how to improve the endowment insurance system and strengthen the management of pension funds have important theoretical and practical significance,with the purpose of coping well with the ageing problem. This article combined theories with practice,used standard and empirical methods,expounded the situation and trends of the aging population and analysed the statusquo of endowment insurance,emphatically analyzed the aging problems'influence on the endowment insurance,with the improving the endowment insurance level and perfecting the system,we can alleviate the impact of the aging population,promote economy development,and realize the stability and harmony of our society.We evaluate the level of China's endowment insurance by constructing two indicators including coverage and treatment level,and using principal component analysis,and then calculate the final score according to the model, the data shows: the endowment insurance levels are quite different among Provinces,eastern regions have higher scores,such as Shanghai,Beijing,Tianjin,etc. the level is lower in western regions,such as of Tibet, Guizhou,it is inseparable from how long the endowment insurance system established,so we should continue to make endowment insurance system perfect.After making unit root test on the elder people support rate and pension expenses,we can conclude that the time series is a non-stationarity process. but the first-order differences of the variables are steady,the regression and cointegration results show a significant positive correlation between them,the former is the Granger causality of the latter,but only one-way Granger relationship exists between the two variables according to the test. Finally,this article put forward concrete suggestions on how to improve the level of pension funds and perfect its management pattern,in order to cope with our increasingly severe population situation.