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| Author: | Yu, Ziyou Chen, Zengyang |
| Title: | The relationship between social old-age insurance, supplementary old-age insurance and commercial insurance (original in Chinese) |
| Journal: | Management World (c)
1997 : 2, p.180-185 |
| Index terms: | LIFE INSURANCE SOCIAL SECURITY CHINA |
| Language: | chn |
| Abstract: | In the case of Shanghai area, the ratio of old-age pension to before-retirement wage which is cooled substitution rate for short involves return on investment, rate of inflation and rate of wage increase. According to forecast, the above three rates will change from 12%, 14% and 7% in 1993 to 6%, 4% and 1.8% in 2016 respectively. The results of analysis of substitution rates show that such a rate of high-income stratum is 20 percentage points lower than that of low-income stratums. It indicates that the level of high-income stratum's obtaining relative security is lower than that of the general stratum and the old-age pension insurance can not satisfy its demand, which suggests that commercial old-age pension will have broader prospects in high-income stratum than in average-income stratum. |
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