A Study On Aging Population And Reform Of Social Endowment Insurance System

Aging population has become much a grave problem since the 21 st century,especially in western developed countries.Due to sluggish economy,high rate of unemployment as well as the severe situation that social endowment insurance system is stuck in,retirement problem has unavoidably become a worldwide important topic.Sense of security is what a mature social endowment insurance system aims to achieve.With the development of society,however,people tend to regard a relatively high quality of life as their final pursuit.Meanwhile,sustainable development and enough pensions have also become important aspects in the reform of social endowment insurance system.Therefore,in order to cope with the crisis of aging population and guarantee the sustainable development of economy and society in our country,proper measures must be taken so that security risks of social endowment insurance system can be prevented in our country.Considering that aging population in China is no less severe than OECD countries,a relatively fine social endowment insurance system should be established as soon as possible.In terms of retirement problem,a multilevel and multi-pillar social endowment insurance system is in urgent need.In addition,reforms should also be made in its financial mode.With a stable multilevel social endowment insurance system including basic pension system as well as various enterprise annuity systems,Japan,a country adjacent to China is also famous for its thorough warfare system for the aged.In addition,it has also made great achievements in reform of financial mode of social endowment insurance system.Just because Japan and China have a lot in common in society,culture and economic development and rapid economic development will definitely lead to aging population,study on measures taken by Japan in aging population will throw light upon reform of our own country.Through a research on the reform of public endowment insurance system against a background of aging population in Japan,the author found that aging population definitely plays a role in payment balance of pension.Unexpectedly,however,Japan did not improve the situation of payment balance after it took aging population into consideration and introduce Macroeconomic Floating Rate Adjustment in 2004.Therefore,based on real conditions of our country,the author proposed some insightful ideas on reform of social endowment insurance system in Japan.Firstly,a multilevel social endowment insurance system should be established and further improved as soon as possible with life quality of the elderly as an important index.Secondly,proper factors of aging population should be considered in basic pension payment multiplier to reduce the level of pension payment.