Research On The Integration Path Of China’s Basic Old_Age Insurance System Under The Perspective Of Institutional Evolution

The basic Old-Age insurance system as the first pillar of the old-age security system,plays an increasingly important role in the social and economic life.As a major welfare project,it has made great achievements.At the same time,we should also pay attention to the problems in the system construction:the lower level of co-ordination,the inter-group system differences and other issues.It may lead to institutional risk,financial risk and social risk,and is harmful to building a unified labor market and a fair market competition environment.Through studying the integration of the old-age insurance system under the perspective of institutional evolution,the paper try to establish a unified national basic old-age insurance system to solve above problems,so that the institutional evolution will enter a virtuous circle.Based on the analysis of the achievements,contradictions and background environment of China’s basic old-age insurance system,points out the theme of the paper-the research on the integration of China’s basic Old＿Age insurance system under the perspective of institutional evolution.Based on the theory of institutional evolution,the paper summarizes the integration process of the basic old-age insurance system from two clues-the regional integration and the group integration.and generalizes the specific characteristics of the evolution from the three aspects-subject,mode and influencing factors.Then,the paper analyse the non-equilibrium state of the current system construction and the dynamic mechanism to promote the institutional evolution.Finally,the paper put forward the suggestion of the integration: strengthening the top-level design,make the value concept and mission objectives of the system clear;path dependency,adopt the gradual change mode to build a unified basic old-age insurance system,and make full use of the Social Security Fund Council;path optimization,building vertical management system;setting reasonable goals of the replacement rate,setting the standard payment rate and discount payment base,dividing fiscal responsibility at all levels clearly.