Research On The Development Of China’s Market-oriented Social Pension

From the year of2000, China stepped formally into a population aging stage. The characteristics of this stage are" Getting Old before Being Rich", uneven development and old aging. With the increasing degree of the ageing and the changes of population structure, the traditional family pension mode started to be changed, and also, the demand of institutions and service for old-aged care are growing. Due to the economic and social development, China’s social pension relative shortage of supply, the situation facing the challenges of aging, and to explore the development path suited to China’s national conditions and the pension community has a very important significance.This article introduced the development of domestic and foreign pension institutions, focusing on old-age pension community model in America, the pension model of community care development in UK and the development of a diversified pension model in Japan. According to their economic, cultural and other factors, it summarized the reason of success which can provide experience of the development of China’s social pension model.In the recent economic structure, the traditional modes of social pension and family pension have been challenged. For solving the pension problems, China has emergence pension communities which are invested by social organizations. This paper will introduce a new social pension model, as Beijing Sun City and Shanghai Qinheyuan for examples in the fourth chapter. But it shows that this model of development is not mature, and the majority of new retirement communities are at a loss. So, in this chapter, it will discuss the reasons of crisis in the emerging social pension model and factors that influence the development of social pension.In this paper, it will analyse from the perspective of demand and supply in the econometric panel data analysis methods to explore the pension agency’s investment in the development and degree of aging society, the number of beds pension institutions, regional GDP, and is closely related to the pension agency and rental housing the relationship between the sale price. Taking into account the existence of a vast territory between the different regional differences in economic and cultural terms, this chapter will be divided into three regions, respectively, to explore factors that influence the development of the pension agency. The empirical analysis shows that the eastern region of influence pension investments the most significant factor is the degree of economic development, the degree of aging changes in the industry and market; draw social pension market characteristics based on empirical results eastern most obvious. Its social pension market development represents the development direction of China’s social pension.In the last chapter of this paper, it will discuss the direction of the social pension market development, which will use the eastern parts of Shandong Province as an example. Starting with the survey questionnaire which includes wishes of the elderly population the demand for old-age pension apartment, community service method of choice, choose to pay the costs, occupancy pension agency investigating the cause of the microscopic direction. To analyze the real impact, it uses the logistic ways to analyse the factors which influence Shandong elderly population to choose the pension institutions. Survey results and analysis showed that the level of fees the pension agency, the elderly celibate or not, the pension agency to provide the quality of service, the elderly education, the pension agency to understand the factors that influence the pension institutions choices of the elderly in Shandong.In the final section of this paper, it puts forward that early pension insurance funds investment community transition phase, which provides policy recommendations for the development of a new direction of social pension.