Research On The Influence Of Ageing Finance On The Social Welfare Of Population Aging

According to the classification criteria proposed by the United Nations for population aging,China had entered an ageing society in 2000,and in recent years,the population dependency ratio has increased,and the first demographic dividend is gradually weakening.According to the life cycle theory,residents’ savings are affected by the change of age,which increases first and then decreases.The number of elderly people in society increases,the school-age labor force decreases,the household savings rate will decline,and the welfare level of residents’ families will decline;Secondly,domestic ageing finance has been continuously improved and gradually developed towards universal coverage,Urban-Rural Coordination and appropriate security.Residents’ insurance participation behavior and the gradual allocation of ageing finance will have an impact on Residents’ disposable income level and future risk expectation,thus improving the level of family welfare.It’s important to explore the relationship between ageing finance,population aging,and family welfare level.The research hypothesis of this paper is that:the population aging will bring the decline of residents’ family welfare,and the development of ageing finance will prevent the decline of residents’ family welfare caused by population aging.The hypothesis is verified through empirical analysis,and the relationship among population aging,ageing finance and family welfare level is demonstrated.From the perspective of heterogeneity,it is found that the relationship between population aging,ageing finance and family welfare is affected by income differences,market-oriented levels,regional differences and urban-rural differences,which are specifically reflected in:1.From the perspective of income difference,the effect of ageing finance on the welfare level of high-income families is higher than that of low-income families;2.The level of marketization has improved the awareness of residents and people’s preventive motivation,so it has improved the level of family welfare through ageing finance to a certain extent;3.From the perspective of regional differences,the eastern region has a greater impact on Residents’ family welfare than the western and central regions;4.From the perspective of urban-rural differences,the ageing finance of urban residents plays a greater role in improving the level of family welfare.Through the above analysis,further policy suggestions are put forward:China should vigorously develop ageing finance;Vigorously promote and popularize commercial endowment insurance;Improve the utilization efficiency of pension financial funds and further promote the reform of economic and social system under the difference between rural and urban areas;Under regional differences,further promote the national overall planning of endowment insurance funds,the national overall planning of endowment insurance policies and systems,and the unification of pension calculation.