统筹城乡的基本养老保险个人账户基金市场化运营机制与模式  

Mechanism and Pattern of the Investment in the Capital Market about BPIAFs Covering both Urban and Rural Residents

作　　者：寇国明[1] 邱长溶[1] 

机构地区：[1]西安交通大学经济与金融学院,陕西西安710061

出　　处：《财经研究》2008年第3期4-17,共14页Journal of Finance and Economics

基　　金：国家社会科学基金项目(07XJY034);国家软科学基金项目(2006GXQ3D139)

摘　　要：我国社保制度建设已步入"快车道",统筹城乡的基本养老保险个人账户基金市场化运营迫切、适时。文章梳理相关环境因素,构建基于微观主体分类的效用函数,通过一般均衡分析刻画出基本养老保险个人账户基金市场化运营的经济机制和经济效应,进而设置了"以中低收入群体福利为标的、采取城乡分离运营"的统筹城乡基本养老保险个人账户基金市场化运营模式,最后安排了补充的政策搭配。It is urgent and feasible for urban and rural residents to invest the basic pension individual accounts funds （BPIAF） in capital market when we improve the systems of social security. Based on the environment, the paper constructs the utility functions of the different agents to analyze the mechanism and the economic effects about BPIAFs investing in capital market. Furthermore, we design the investment pattern in which rural funds separate from the whole BPIAFs and the middle-low-incomer welfare has been stressed. At last,we arrange the policy mix.

关 键 词：统筹城乡 个人账户基金 市场化运营结构效应 风险规避效应 城乡分离运营 政策搭配 

分 类 号：F062.6[经济管理—政治经济学] F840.67