Adjust The Retirement Age In China

Retirement system in the process of industrialization and was gradually establish down, in today’s economy society, which not only for a description, but more as a complex economic activity, and may even affect a country or region’s social economy. Social economic life of labor welfare, personal life security, including personal will to work and social employment opportunities and other aspects are influenced by it. The retirement age is the endowment insurance system in important variables, including countries involved, enterprises, especially the laborer’s right and obligation. From China’s national conditions and long-term interests strategic, work out the balance the interests of all parties and retirement age of retirement system adjustment scheme, which is conducive to promote economic development and the protection of human rights, which is beneficial to the realization of social justice and promote people’s free and overall development.This paper consists of six parts, the first part begin with two cases, namely the British and French raising the retirement age caused national strike, which show the current adjust the retirement age has become the important content of the reform of all countries. But the retirement age in relation to the vital interests of every laborer, if not adjust this well, we will pay a heavy price. The article also introduces the background and related literature review. The second part is the related concepts in the definition, but also to the study of the theory foundation to make the article, including life cycle hypothesis, justice theory, the utility maximization and so on. The third part is individual retirement decision analysis on the factors, such as the income of workers, after retiring, the old-age pension, etc. Finally, based on individual utility perspective, the individual worker choose retirement reasoning, analysis, it is concluded that the individual worker based on their condition, in their own utility maximization principle, on the basis of labor income, annuities level and the price level choose retirement. The fourth part analysis from fair and justice perspective, based on the intergenerational justice, retired justice is discussed, and the present retirement policy. The fifth part adjusts the retirement age analysis. From the macro and micro level, to adjust the influence of the retirement age, are analyzed and negative effects. Introduced experience of the developed countries adjusts the retirement age. Finally, based on individual utility and fair Angle analysis, proposed our country adjust the retirement age, choice, namely elastic retirement system. At the same time, simply narrated the elasticity of the retirement system in China is put forward, the practice of Shanghai, and flexible to retire the significance of China’s economic and social development. The first six divided into conclusions and recommendations. To our country flexible retirement gives simple system design principles, and have to pay attention to the related policy is perfect.Comprehensive analysis of the article, in the present social and economic background, the current system of social endowment insurance difficult operation, the retirement age had to adjust. From world experience analysis, adjust the retirement age is imperative. Then forced to retire from the age of the delay of the negative effect on the society highlight, social, political cost is too high, or from this paper analyzes the social justice perspective, based on the individual utility maximization principle, the elastic retirement is to adjust the retirement age is mild, and easily accepted by society path.