The Research Of The Basic Retirement Insurance Effect On The Consumption Of Urban Residents

The lack of consumption demand has become a serious trouble in China’seconomic development. Final consumption failed to work as one of the threecarriages in driving economic growth. So it is necessary to find a wayto boost consumption, and promote economic development permanently.As the guarantee of basic life in retirement, basic retirement insuranceis playing a very important role in the quantity, source and expectationof urban residents income. Its development degree and maturity levelwill exert a profound influence in consumption growth.Jilin province is the old industrial base of northeast China, The socialand economic development of Jilin Province is in the average level, andcan be treat as a typical case. Therefore, in this paper, we take relevancetheories as foundation, considering latest data in Jilin province, usingthe method of regression analysis, deeply analyzed the effect of basicretirement insurance for urban residents consumption.In this paper, we analyzed the existing issues in urban residentsconsumption and the old-age security system construction of JilinProvince, and get a conclusion of improving the basic retirement insurancelevel can improve the consumer’s consumption and promoting economicgrowth. And we can improve the basic retirement insurance policy bydeveloping the economy, improving wage level and using other provincesexperience for reference.The article is divided into five parts. The first chapter introduces the background, researching significance, ideas and methods. We also list theresearch results of scholars at home and abroad, explain their differentviews on the relationship between endowment insurance and consumption.The second chapter introduces various concepts related to the basicretirement insurance and urban residents consumption, and explains therelated theories.The third chapter introduces the basic retirement insurance policy,studies large amounts of data, and finally found problems existing in thebasic retirement insurance and consumption.The fourth chapter uses the method of regression analysis, and draws thefollowing conclusions: Urban residents in Jilin province have the abilityto improve the level of retirement insurance, and improving retirementinsurance level can effectively promote consumption.The fifth chapter summarizes the conclusions in the analysis, and providespolicy suggestions to improve the basic old-age security system.