The Research Of Retirement Age, Labor Supply And Pension Insurance Fund Balance Of Payments

The one-child policy has been implemented in China for more than30years,which is not only promoting China’s economic development, but also the total root ofChina’s rapidly aging population. And now we will face many problems in supply oflabor, Along with China’s population increase in life expectancy, delay the laborretirement age seems to be an effective means of labor supply in the future, at thesame time provides the possibility to improve the pension insurance fund balance.Based on the related theory (insurance actuarial theory, alternation of generationtheory and life cycle theory) and data analysis, this paper combines model made aSimulating and forecasting,but the results did not provide strong support for China toextend the retirement age in balance of labor supply and labor pension fund. In orderto make up for the defects and make the necessary innovation,We conducted areasonable scenario simulation of endowment insurance fund gap.Simulation resultdisplayed: To delay the retirement age way though helpful to increase the supply oflabor and delay the gap arrival time for the old-age insurance fund, but it can notsolve the funding gap problem fundamentally.Therefore, from the long term, bydelaying the retirement age to solve the pension fund gap is invalid, evenharmful.Wewill lose the precious time to do adjustment in the future.What is the reason for our failure in policy? In fact, Chinese labor in the limitedsupply of future will not be able to maintain continuous operation of endowmentinsurance fund.Finally, from the aspects of delay retirement age, family planningpolicy adjustment, improve the old-age insurance fund investment income ofcountermeasures, makes countermeasure research, and points out the further researchdirection.