Volume 6, Issue 3, May 2018, Page: 97-102
Investigation of Key Problems and Future Development of China's Endowment
Lan Ma, Jiangsu Provincial Academy of Social Sciences, Nanjing, P. R. China; School of Social and Behavior Science, Nanjing University, Nanjing, P. R. China
Received: May 27, 2018;       Accepted: Jun. 19, 2018;       Published: Jul. 11, 2018
DOI: 10.11648/j.hss.20180603.12      View  747      Downloads  53
Abstract
The basic endowment insurance system for enterprise employees has already covered migrant workers in China. However, a number of migrant workers have withdrawn from insurance system in economically developed regions in recent years. And the number is on the rise. The root cause for it lies in the institutional barrier of trans-regional migration. Besides, it also closely linked to the internal contradictoriness in the endowment insurance system. This paper aims at discussing how to break the trans-regional migration obstacles of endowment insurance system and promote the current pooling account from provincial level to national level. Based on the analysis on China's basic endowment insurance system, four main problems has been found. They are county-based system and low level of pension pooling, trade-off in local governments caused by fiscal backstop, restrictions from the existing fiscal system, and implement of policies relies heavily on execution of basic-level governments. In order to solve these problems of existing endowment insurance system, establishing an integrated endowment insurance system which covers the whole Chinese citizens is further proposed. In addition, confronted with the current fact that we have a big gap of social security treatment between urban and rural areas, among different regions and among various groups, the feasible solution is to complete transformation from differential universal-type social welfare system to fair universal-type social welfare system. To promote the current pooling account from provincial level to national level, it needs to be carried forward systematically and stage by stage.
Keywords
Endowment Insurance System, National Pooling, Local Governments' Interests, Tax Federalism, Universal-Type Social Security System
To cite this article
Lan Ma, Investigation of Key Problems and Future Development of China's Endowment, Humanities and Social Sciences. Vol. 6, No. 3, 2018, pp. 97-102. doi: 10.11648/j.hss.20180603.12
Copyright
Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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