The System Dynamics Analysis Of China's Pension System Transition

As the pension insurance payments crisis brought about by aging population has been a major problem faced by many countries, under he unanimous trend from the pay-as-you-go scheme transition to the Funded scheme, China has also formally established part fund accumulation finance mode in 1997.however, the new model accounts only part of the accumulated by the name, but line pay-in reality. Social endowment insurance system reform can not proceed smoothly; a major reason for this is the problem of conversion cost. This paper argues that as long as the current pay-as on the existence of stealth debt, and only in the system, the process of transition to the Fund out of that part of the dominance of debt is the hidden cost of conversion, which is a dynamic process, so the focus of this study restructuring costs are not calculated how much in the end, but hope to use system dynamics approach to qualitative analysis as a guide, quantitative analysis to support, the internal mechanism from the system, micro-structure, start with analysis of system modeling, using computer simulation techniques to simulate the transition of China's pension system during the conversion costs, the size of the future existence of life, long-term dynamic development trends, And the influencing factors by simulating changes in the data analysis to identify dynamic changes of reasonable and effective way to eliminate the cost of conversion.