Research On The Influence Of Basic Pension Insurance Coordinating On Labor Employment And Human Capital Investment

The basic old-age insurance system is one of the mechanisms that affect the behavior of the labor market.The adjustment of the system must consider both the allocation of human capital and the investment of human capital."National overall planning" is an important adjustment direction of basic old-age insurance.Theoretically,more convenient circulation can optimize the allocation of labor resources,promote employment and improve labor productivity.Higher level of income redistribution can further narrow the income gap and change the expectations of different groups of income,affecting human capital investment.This article will empirically test these two points.At present,the national overall planning has not yet been pushed forward.This paper is based on the overall planning of the provincial level.From the perspective of overall planning for pension support,we will explore the impact of basic pension insurance adjustments on the labor market.The focus is on the employment of labor and investment in human capital.They are expressed in terms of the number of private individuals employed and the educational investment of residents in their children,finding problems and seeking solutions.Empirically examined the panel data of 2001-2016 for all the provinces that have been integrated,studying the changes in the human capital allocation and human capital investment in the labor market before and after the improvement of the overall planning level.On this basis,adjusting the overall planning of the basic pension system and the labor market.The compatibility issue is elaborated.The results showed that the improvement of the overall level can facilitate the transfer of labor and improve labor productivity.However,this growth is only an adjustment in stock and is the optimization of the existing human capital allocation.If the overall scheme is not appropriate,it may affect the human capital's whole investment,slow down the growth rate of productivity,which is not conducive to the long-term development of the labor market.Therefore,the realization of "national overall planning" must be based on appropriate programs.It is necessary to optimize the allocation of existing labor resources,as well as consider long-term accumulation of human capital requirements.In order to maintain fairness in the form while taking into account substantial fairness and focusing on improving effciency,only in this way can we establish a national coordinating mechanism that is coordinated with the labor market.