我国基本养老金入市问题研究

发布时间：2018-05-29 02:56

本文选题：基本养老金 + 资本市场　；参考：《山东师范大学》2017年硕士论文

【摘要】：基本养老金不仅是构成我国养老保险基金体系重要的组成部分,更是推进社会养老保险制度平稳进行的根本保证,也是积极应对人口老龄化的重要资金储备。当前我国的基本养老基金投资收益低,仅限于国债、银行存款,显然无法真正实现保值增值的目标。随着人口老龄化和养老金缺口问题的日趋严峻,基本养老金进入资本市场已是必然趋势。需要特别注意的是,基本养老金是老百姓的养命钱,在投资运营中安全性应当摆在第一位。但是,我国对基本养老金进行市场化投资管理还处于起步阶段,基本养老金入市必然面临着巨大的风险,其市场化运作如果失败,后果则不堪设想。因此,必须对基本养老金入市的相关问题进行深入研究,为基本养老金市场化投资运营提出具体可行的策略,确保基本养老金在相对较低的风险水平下实现自身的保值增值,进而实现基本养老金在资本市场的可持续发展,这对于促进经济发展、维护社会稳定具有重要意义。本文共分为七个部分探讨我国基本养老金的入市问题:第一部分为绪论,主要阐述了本选题的背景、意义以及国内外研究现状、研究创新点等问题。第二部分主要剖析了相关理论基础和概念,既包括对养老金、基本养老金、基本养老金入市的概念界定,也涉及到对委托代理、经济监管、风险管理、投资组合等理论的论述。第三部分主要分析我国基本养老金的运营现状,重点剖析了当下我国在基本养老金运营方面所存在的的主要问题。第四部分主要是对基本养老金入市必要性和可行性的考察,旨在说明我国基本养老金入市已是必然趋势。第五部细致阐述了我国基本养老金入市存在的风险,主要包括系统风险和非系统风险,并以已经入市的全国社保基金为例进行实证分析。第六部分对新加坡、智利、美国的三种典型的养老金入市计划进行探讨并总结其经验。最后,针对基本养老金入市存在的风险,在总结国内外经验的基础上,对我国基本养老金入市投资运营提出了对策建议。
[Abstract]:The basic pension is not only an important part of the pension insurance fund system of our country, but also a fundamental guarantee to promote the smooth development of the social endowment insurance system, and also an important fund reserve to deal with the aging of the population actively. At present, the investment income of the basic pension fund in our country is low, only limited to the national debt and bank deposit, obviously it can not realize the goal of maintaining and increasing the value. With the aging of the population and the increasing problem of pension gap, it is an inevitable trend for the basic pension to enter the capital market. Special attention should be paid to the basic pension is the livelihood of the common people, security should be put in the first place in the investment operation. However, the market-oriented investment management of the basic pension in China is still in its infancy, and the entry of the basic pension into the market will inevitably face great risks. If the market-oriented operation fails, the consequences will be unthinkable. Therefore, it is necessary to deeply study the relevant problems of basic pension entering the market, and put forward concrete and feasible strategies for the market-oriented investment operation of basic pension, so as to ensure that the basic pension can maintain and increase its value at a relatively low risk level. And then realize the sustainable development of basic pension in the capital market, which is of great significance to promote economic development and maintain social stability. This paper is divided into seven parts to discuss the entry of the basic pension in China. The first part is the introduction, which mainly describes the background, significance, research status at home and abroad, research innovation and other issues. The second part mainly analyzes the relevant theoretical basis and concepts, including the definition of pension, basic pension into the market, but also related to the principal-agent, economic supervision, risk management, portfolio theory and so on. The third part mainly analyzes the current situation of the basic pension operation in China, focusing on the main problems existing in the operation of the basic pension in China. The fourth part mainly studies the necessity and feasibility of entering the market of basic pension, aiming to show that it is an inevitable trend to enter the market of basic pension in our country. The fifth part elaborates the risk of entering the market of the basic pension in our country, including the systematic risk and the non-systematic risk, and takes the national social security fund that has already entered the market as an example to carry on the empirical analysis. In the sixth part, three typical pension schemes in Singapore, Chile and the United States are discussed and their experiences are summarized. Finally, in view of the risk of entering the market of basic pension, on the basis of summing up the experience at home and abroad, this paper puts forward some countermeasures and suggestions for the investment and operation of the basic pension in our country.
【学位授予单位】：山东师范大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F842.67

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