The Conduction and Resolution of Population Aging, Pension Income Gap and Financial Risk——An Empirical Study of City A

Abstract

Abstract:

Population aging has brought huge impacts and challenges. The income gap in pension funds increased financial burden, which even led to financial risk. This paper builds a theoretical model, which reveals the relationship between the aging population, pension payments and financial risk. We conduct an empirical study with city A as the research sample. The results show that the increase of the pension fund investment yield and the extension of the retirement age can help narrow the pension income gap, and effectively guard against and dissolve the financial risk. Therefore, the government should improve the supplement mechanism such as transfer of state-owned assets and fiscal transfer payments. And at the same time, we should make up the pension personal account and vigorously promote the marketization of pension fund investment operation.

Key words: population aging, pension payment Gap, financial risk

Yao Jinhai. The Conduction and Resolution of Population Aging, Pension Income Gap and Financial Risk——An Empirical Study of City A[J]. , 2016, 28(4): 62-72,122.

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