Research On The Reform Of Endowment Insurance System Under The Background Of Aging

21st century is the age of the aging of the population,and population aging is always required course for countries throughout the history of the countries around the world.At present,the aging process of developing countries obviously lags behind that of developed countries,a wave of ageing is spread to China at the turn of the century.The speed of aging is so unexpected that the"Not prepared first old"has become the label of China's aging society.By 2017,there are 240,9 million people aged 60 or above in China that account for 17,4 percent of the population according to the statistics.Aging brings not only the changes in human capital,labor market and consumption patterns,but also has slowed down the overall pace of macroeconomic development when the middle period of economic strategy transition.In recent years,the income and expenditure imbalance of pension fund have become the obstacle to the development of sustainable endowment insurance system which presents unprecedented challenges for China's current pension system.While,the design of endowment insurance system is directly related to the improvement of people's life happiness index and economic stability.So,how to solve the endowment insurance fund shortage which due to the continuing increase in the elderly population has become the main content of the pension insurance system reform.In order to clarify the reform direction of China's pension system,,the article uses the methods of literature research,comparative analysis,empirical analysis,etc.to study the current situation and problems of China's pension system in the period of demographic dividend which is based on the perspective of population aging.On the basis of comprehensive consideration,this paper analyzes the impact of aging on China's macro-economy and the current pension system and summarizes the experience of pension reform in the United States,Chile,Japan and Canada to get the thought and method of foreign endowment insurance system reform.Throughout the empirical analysis about the data of per capita GDP,elderly dependency ratio and per capita pension fund expenditure from 1990 to 2017,the conclusion is that the increase in the elderly dependency ratio has contributed to rapid economic growth.As there is a positive correlation between economic growth and elderly dependency ratio.In the end,this paper puts forward an optimal design idea of endowment insurance system that is suitable for capital accumulation and the balance of pension fund,pension and incentive system compatibility on the basis of sustainable economic growth.