Research On The Affordability In China's Basic Old-age Insurance For Urban Workers Under The Background Of Aging Population

In recent years,the proportion of the aging population in total population has risen rapidly.In addition,China carried out "birth control" policy,which led to China's birth rate decreased rapidly.The population structure of our country has changed dramatically.The number of elderly population has increased year by year,problems of population aging has become increasingly prominent.Unlike other developed countries which entered the aging,China's living standards,economic development,science and technology,social security,etc have a certain gap between developed countries.In such an environment,there have a certain extent affect on the community's industrial structure,economic development,social security and so on,especially the basic old-age insurance payment capacity of urban workers.On the basis of studying and summarizing the scholars' research results at home and abroad,at the macro perspective and in China's actual situation,studying the impact of population aging on the basic old-age insurance payment ability of urban workers.By analyzing our country current situation of population aging,paper discovered that there have some characteristic,for example:a large aging population;the fast aging fast;obviously regional differences.Through the brief introduction of the present situation of the basic old-age insurance of urban workers,the paper found that there have some problems:the negative incentive effect of the system,low-income ability,lack of automatic balance mechanism.On the basis of analyzing the current situation of the payment ability,the paper found that the payment ability faced great dilemma,which are the population aging;personal account deficit;recessive debt;financial subsidies on the payment ability and low level of co-ordination.At the macro point use 31 provinces and municipalities 15 years panel data,and use the empirical analysis method to establish the multiple linear regression model to study the effect of population aging on the payment ability of basic old-age insurance for urban employees.The study found that population aging has a significant negative impact on affordability.Finally,through the analysis of empirical results,as well as the basic understanding of China's actual national conditions,paper put forward objective recommendations.In short-terms,gradually improve the retirement age and state-owned capital,foreign exchange reserves should help the pension insurance fund to protect the ability to pay;In the middle period,promoting the basic old-age insurance for urban workers national co-ordination,optimizing the old-age insurance system environment,establishing of dual urban China basic old-age insurance system is essential and through the tax incentives to establish a personal voluntary savings pension account which can improve the payment ability.In long-term to enhance the national economic to enhance the payment ability.