The Factor Analysis Of China's Institutional Transition In The Basic Old-Age Pension System

The China's basic old-age pension system has experienced great institutional transition since its reform and open-up. The paper try to give a reasonable explain for this process in using the theory of institutional transition of New Institution Economics, so we can offer some suggests of theoretical base and policy for the further reform of China's basic old-age pension system..The author first introduces the general theory of institutional transition of New Institutional Economics, point out that the main reason for institutional transition is the institutional inequilibrium which caused by the conflict among the institutional stabilization, environmental mobility and personal effort in pursuit of Max interest. When the group forecast that their benefits excess costs, the institutional transition will take place. Next the author look back the course of institutional transition in China's basic endowment insurance system, and draw a conclusion that we have obtained achievements but there are some problems during the process of institutional transition and give some characters of the institutional transition in China's basic old-age pension system.Base on the above, the author use the theory of institutional transition as a tool to analysis the reason for institutional transition in China's basic old-age pension system, give an explanation that the primary reason for China's institutional transition in basic pension system is the environmental change after China's reform and open-up, which change the personal function in pursuit of max interest, and cause the invalidation of the traditional institutional supply. The inequilibrium between institutional demand and supply become the inner impetus for institutional transition. The group's judgment about benefits and costs of institutional transition impel them to implement the institutional transition eventually.From the factor analysis of China's institutional transition in the basic old-age pension system, the author think that if we want to achieve the success of China's reform in the basic old-age pens ion system, it must be done to improve the exterior conditions, to perfect current institution and to enhance institutional innovation...