Analysis Of Endogenous Mechanism About Intervention Of Social Enterprises In Pension Services Supply

The world is facing with aging population problem during a new period,worldwide population aging trend more prominence.China’s aging population is present the characteristics of polarization with ―not rich is first old‖,increasing ―empty nest elderly‖,pressure of ―421‖ family structure in big city and income structure taper overall and so on.The increasing aging population scale and prominent aging characteristics,while expending old-age service markets necessarily lead to diversified,multi-level demand for pension services.At present,our country endowment service supply present government failure,market failure and voluntary failure.At present,our country endowment service supply present government failure,market failure and voluntary failure state of mixture,embodied in: the scarcity of public pension service supply,high-end endowment service supply "highbrow",and inadequate development of nonprofit endowment institutions.Social enterprise,combining the public welfare and commerciality,has provided a new and valuable way to break the deadlock of social welfare development.Social enterprise combining with the characteristics of the charity and commercial enterprises,effectively use the management mode of commercial operation at the same time create economic value and society value,the charity and commercial relations in this emerging social enterprise organization implements the supplement each other,harmonious development,to solve the financing difficulty of traditional charity,the plight of hemopoietic ability is insufficient,more traditional filled in the government and the public welfare organizations cannot effectively blank in the field of providing products and services.This paper establishes multiple principal-agent models including government,commercial enterprises and social enterprises based on the Principal-Agent Theory to analyze and discuss the contract terms of every principal agent relationship,and find that social enterprises with better business management are able to create more commercial values as well as social values;‖Gated and Threshold‖ set between government and social enterprises will be good for social enterprises to perform their ―public welfare‖;The―mutual benefit actions‖ between social enterprises produces the cooperative equilibrium,helping to increase the overall efficiency of pension service supply and realize Pareto improvement.Based on this,this paper provides relevant policies about the intervention of social enterprises in the pension services supply.