A Research On The Coordination Of Urban And Rural Endowment Insurance In China

At present, old-age security is one of the most important livelihood issues. Solving this problem has a great significance to promote economic development and maintain social stability. Because endowment insurance is one of the important means to realize old-age security, we must develop endowment insurance. Since endowment insurance as a necessary part of old-age security has the characteristic of social public goods or quasi-public product, everyone has right to enjoy. However, because of the binary economic and social structure of China, the differences of endowment insurance between urban and rural are very enormous. Compared with more sound urban endowment insurance, rural endowment insurance is just starting, and the endowment insurance of migrant workers and land-lost farmers even have not established. This situation will seriously restricted economic development and social stability, so it is imperative to coordinate urban and rural endowment insurance.Firstly, this paper expounded the necessity of coordinating urban-rural endowment insurance. Overall plan for urban-rural endowment insurance can help deal with the pressure of population aging, and help compensate the weakening of the traditional old-age security in rural areas, also reduce the urban-rural gap and safeguard social justice and stability.Secondly, author reviewed the process of development of urban-rural endowment insurance, summarizing the main achievements obtained. However, coordinating urban-rural endowment insurance in China is facing many obstacles, concluded following two points: (1)Big differences between urban and rural endowment insurance; (2)Deficiency of sound endowment insurance of migrant workers and land-lost farmers.Thirdly, through analyzing the causes of these difficulties and obstacles, we pointed out that the basic reason is the binary economic and social structure between urban and rural. And other related reasons include the absence of legal construction, the policy deviation of rural endowment insurance, and a rural poor sense, etc.Again, though summarize domestic and international experience in coordinating urban-rural endowment insurance, we should learn foreign experience, including following the development rule of "first city, after township", setting up sound legal basis, coordinating according to actual condition, and reference domestic experience, including expanding coverage, establishing cohesion devices and the endowment insurance of migrant workers and land-lost farmers.Finally, the paper proposed the principles and policy recommendations about coordinating urban-rural endowment insurance in China. We should adhere to the principles including legalization, universal coverage, save differences, overall consideration and multilateral burden, etc. And we should take the following measures, including accelerating the construction of rural endowment insurance, improving the endowment insurance of the migrant workers and land-lost farmers, establishing the cohesive devices of urban-rural endowment insurance, etc.