Urban Old-age Security And Consumer Research In Economics

Retirement security and its impact on residents’consumption and saving have been long studied oversea. Although it goes deeper with the development of the practical study method, there is no consistent conclusion. The basic view is that the implementation of the retirement security system has adjusted the configuration and use of income in employed and retired period; reduced the uncertainty of the future expectation. It has also brought much influence on the consumption practice. China’s current retirement security system was formed and developed in economic transition period. Compared with other countries, it has its own particularity. With many serious problems, like low coverage, low level and unreasonable structure of the retirement security system, it to a large extent is difficult to meet the expected demand and curbs the growth of residents’ consumption.This paper is divided into three chapters. Chapter one is literature review, presenting a brief review of relative theories and practical research results on retirement security and residents’ consumption from new classic school, new growth school and scholars in our country.Combining with the current implementation of the retirement security system, chapter two makes an economic analysis on the correlation between the retirement security system and residents’consumption in Ningbo, Zhejiang province. The result is that we now can replenish the individual account of basic old age insurance. Furthermore, significantly positive correlation is found between the retirement security system and residents’consumption. With the rise of retirement security level, potential consumption is inspired and consumer tendency of the whole society increased. Meanwhile, the development of expected consumption expenditure pressure puts forward a higher request to the retirement security system.There are many problems between the retirement security and residents’ consumption, and chapter three has an analysis. However, it just provides a good opportunity to improve the retirement security system.Combining with inspiration from other countries’practical experience, chapter four makes a countermeasure for the benign relation between retirement security and residents’consumption. There are many ways to promote the harmonious development of retirement security and residents’consumption, such as how to increase the income level of workers; how to transfer state-owned property to pension the fund; how to build the retirement security in multi-channels; how to establish a national mode by more financial and political support form the government.