我国养老保险基金个人账户在资本市场的投资风险与政策建议

发布时间：2018-04-14 01:31

本文选题：养老保险基金 + 个人账户　；参考：《西北大学》2013年硕士论文

【摘要】：养老保险制度作为社会保障制度的重要组成部分,其发展状况直接影响了社会保障制度的可持续发展。然而,当遭遇国内外各因素挑战时,如何维持养老保险制度的持续性发展,增强养老保险制度抗风险的能力,是各国学界面临的共同问题。在养老保险基金中,统筹账户主要发挥着互济功能,具有基础性作用,而个人账户更具研究价值。因此,本文以我国现有的“统账结合”养老保险制度为起点,以增强养老保险基金风险管理能力为手段,以实现养老保险基金积累为目的,对于养老保险基金个人账户在资本市场投资产生的一系列问题予以探讨。个人账户相对于统筹账户而言,由于个人账户基金投资对安全性、收益性提出了更为严格的要求,所以如何实现个人账户基金投资成为重点。因此,为保证养老保险个人账户基金保值与增值,必须结合资本市场寻求出路。然而,一个无法回避的事实是——伴随投资工具的复杂多样意味着风险的加剧,尤其是增加那些能够带来较高收益的投资工具,给养老保险基金的投资带来更大的挑战。以此为基础,研究养老保险个人账户基金在资本市场的投资风险和我国养老保险基金进入资本市场的政策选择,从制度层面上为配合养老保险基金与资本市场的结合提供政策支持,以实现养老保险基金的积累和养老保险制度的持续发展。
[Abstract]:As an important part of the social security system, the development of the old-age insurance system has a direct impact on the sustainable development of the social security system.However, how to maintain the sustainable development of the endowment insurance system and enhance the ability of the pension insurance system to resist risks is a common problem that the academic circles of all countries face when they are challenged by various factors at home and abroad.In the endowment insurance fund, the overall plan account mainly plays the function of mutual aid and has the basic function, while the individual account has more research value.Therefore, this paper takes the existing pension insurance system as the starting point to strengthen the risk management ability of the pension insurance fund and to realize the accumulation of the pension insurance fund.This paper probes into a series of problems arising from the investment in the capital market of the personal account of the endowment insurance fund.Compared with the overall account, the personal account fund investment puts forward more strict requirements for the security and income, so how to realize the individual account fund investment becomes the key point.Therefore, in order to maintain and increase the value of the pension insurance personal account fund, we must combine the capital market to find a way out.However, it is an inescapable fact that the complexity and diversity of investment instruments mean increased risk, especially by increasing the number of investment instruments that can bring higher returns, which poses a greater challenge to pension fund investment.On the basis of this, the paper studies the investment risk of the pension insurance personal account fund in the capital market and the policy choice of our country's pension insurance fund entering the capital market.In order to realize the accumulation of pension insurance fund and the sustainable development of pension insurance system, it provides policy support for the combination of pension insurance fund and capital market from the system level.
【学位授予单位】：西北大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.51;F842.67

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