摘要
近年来,老龄化形势日益严峻,加之高通胀的压力,保守的养老金投资策略已经造成养老金的缩水和亏损。2015年8月,国务院正式印发了《基本养老保险基金投资管理办法》,标志着中国养老金入市正式提上议程。文章通过对养老金入市的内涵进行界定,阐述目前我国养老金入市的有利条件,并从"委托—代理"的视角出发,分析经济新常态背景下我国养老金入市的风险及影响,回答我国养老金入市是政策理性还是利益新博弈这一疑问,并在此基础上提出养老金稳妥入市的政策选择和风险管控机制。
In recent years, with the increasingly serious aging population situation and the pressure of high inflation , conservative pension investment strategy has resulted in a shrinkage and loss of pension funds. On August 23, 2015, the State Council of P.R.C. formally issued ＂ Administrative Measures for Investment with Basic Endowment Insurance Funds＂ , which marks that investing basic endowment insurance funds into thecountries＇capital market was officially on the agenda. The article defines the connotation of the investment , and elaborates the favorable conditionsof the investment; from the principal-agent perspective, the article also analyzes the risks and the influence of investing the basic endowment insurance funds into the countries capital market, giving answers to the question whether it is a policy rationality or a benefit gambling. Based onthe analysis, the article proposes the policy options and the risk management and control mechanism that could guarantee the safe of the invest ment.
出处
《当代经济管理》
CSSCI
2016年第5期83-90,共8页
Contemporary Economic Management
基金
国家社会科学基金项目<医疗保险制度对农民工消费的影响研究>(15CGL046)
教育部人文社会科学研究项目<社会养老保险制度对农民工城市融合的影响研究>(15YJCZH118)
华中师范大学中央高校基本科研业务费资助项目<城乡居民基本养老保险的保障水平与财政支出的可持续性研究>(CCNU15A03016)阶段性成果
关键词
演养老金入市
政策理性
利益博弈
委托-代理
风险管控
investing basic endowment insurance funds into the countries＇capital market
policy rationality
benefit gambling
principal-agent
risk management and control
