The Research On Old-age Insurance System Reform Of Public Institution In China

Old-age insurance is the core content of the social security system. At present, old-age insurance reform of public institutions is a hot-spot and difficulty of the old-age insurance. Promoting old-age insurance reform of public institutions is to guarantee and improve the livelihood of the people, establish scientific and standard social security system, which has the extremely vital significance on promoting the general requirements of our political system and economic system reform.The principle, based on New Institutional Economics with Institution Change Theory as the breakthrough point, adopt cost-benefit approach, supply-demand analysis.etc analyzing the old-age insurance reform of public institutions from a new theory and attempt to explore old-age insurance system reform of public institutions, which will set the solid theoretical foundation for the smooth transition of the old-age insurance reform of public institutions.This article first introduces the related content of the theory of Institution Change and the course of the old-age insurance reform of public institutions. Then, with the theory of Institution Change as the breakthrough point, cost-benefit analysis is adopted to analyze the four main body (government, institution staff,civil service groups and other ordinary people), and they are interest groups pursuing benefit maximization, Institution Change is the result of the game between interest groups. Through the active force and passive force analysis on the old-age insurance reform of public institutions, we can see the traditional institution pension system already cannot satisfy the subject to get maximum benefit requirements, only to promote institutional changes to make the subject maximize "potential returns," which become the fundamental motive of old-age insurance system change. Based on the existing institutions pension system, it is concluded that the current demand for new institution of social endowment insurance system lack effective supply and adequate effective demand, so at present the direction and approach of the old-age insurance reform of public institutions is to increase the effective demand and supply system effectively. These provide a theoretical support for the old-age insurance reform of public institutions.The old-age insurance reform of public institutions'resistance is from institution providers and demanders, the resistance with deep reason lies in interest conflict from various interest groups. Therefore, the old-age insurance reform of public institutions must be the government-led implement, the combination of compulsive institutional change and induced institutional change, went the road of progressive change, thus to coordinate the conflict from each related interest groups and reduce the anticipated cost, promoting the old-age insurance reform of public institutions smoothly.