Pension Fund Gap And Fiscal Revenue Transfer Payment

In recent years,in China's economic transformation and under the background of an aging population growing,the endowment insurance system of our country face the endowment insurance fund gap is big,the contribution rate of higher multiple problems,endowment insurance fund income growth is slowing,fund spending growth has gradually increased,make endowment insurance fund larger balance pressure.Although theannual accumulative balance of endowment insurance fund is very large,regional development is unbalanced,structural contradictions of endowment insurance fund are obvious,the balance gap of endowment insurance fund among various provinces is very obvious,and some provinces have seen serious ftund bottoming.Integrated in the process of current endowment insurance system,this paper defines the NSP(nominal combination of social pooling account and individual account)system,SP(the combination of social pooling account and individual account)and SSP(the separation of social pooling account and individual account)of these three kinds of endowment insurance system,based on the endowment insurance system perspective,this article try to finance income transfer payment as the breakthrough point,study of endowment insurance fund gap and the relationship between fiscal income transfers,by building the inter-temporal overlapping generation model,research under different old-age insurance system,financial income transfers when used to compensate endowment insurance fund gap,under different old-age insurance system to the welfare effect of what effect.Under the background of the current development of endowment insurance in China,the research on this issue is of more important theoretical and practical significance.Through research,this paper concludes that:firstly,the corresponding per capita gap under the three types of endowment insurance systems shows an upward trend with the increase of pension release rate.Under the same level of pension release rate,the corresponding per capita gap under SSP system is the highest,and the next time under SP system,the corresponding per capita gap under NSP system is the smallest.Secondly,after the introduction of fiscal revenue transfer,the public goods service provided by the government for individuals decreases with the increase of the pension release rate.Thirdly,with the increase of the pension release rate,both personal consumption and public consumption decrease,and the total utility level also decreases.And at the same level of pension release rate,the corresponding total utility level under SP system is the largest,followed by the SSP system,and the NSP system is the smallest.