›› 2018, Vol. 30 ›› Issue (2): 231-241.

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Reconstruction and Analysis of China's Social Security Evaluation System:Based on the Social Security Data from 31 Provinces

Wang Xuan1,2, Liu Junmin3, Wang Jiani4   

  1. 1. School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190;
    2. Postdoctoral workstation, Industrial and Commercial Bank of China, Beijing 100140;
    3. Research Center of Fictitious Economy & Management, Nankai University, Tianjin 300071;
    4. School of Finance, Capital University of Economics and Business, Beijing 100070
  • Received:2015-10-28 Online:2018-02-28 Published:2018-02-10

Abstract:

In this paper we build a comprehensive assessment system of China's social security system, and evaluate the system in the dimensions of "moderateness", "fairness", and "effectiveness", which involve a total of fourteen indicators. In our study we scored the social security levels of the country and each of the thirty-one provinces by using the method of "factor analysis" and "cluster analysis". The study finds that the social security level in the east is significantly higher than that in the west, and the social security level in the coastal is significantly higher than that in the inland, but the fairness level of social security system shows exactly the opposite. In the end we propose some policy recommendations aiming at actual problems of China's social security system.

Key words: social security, evaluation system, factor analysis, principal component analysis