中国新企业年金替代率研究  

The Study of Chinese New Enterprise Pension Replacement Ratio

作　　者：游春 谢杰[2] 

机构地区：[1]浙江泰隆商业银行,浙江台州318050 [2]浙江工商大学经济学院,浙江杭州310018

出　　处：《华中科技大学学报（社会科学版）》2011年第1期78-83,共6页Journal of Huazhong University of Science and Technology(Social Science Edition)

基　　金：国家自然科学基金资助项目(70573067);教育部人文社会科学研究项目(09YJA790180)

摘　　要：企业年金替代率是企业养老保险的一个重要指标。基于现金流平衡模型对影响企业年金替代率的诸因素进行敏感性分析,并应用三状态Markov转换模型分析年金基金投资收益率的走势,结果表明,延长退休年龄或提供投资收益可以提高企业年金替代率。因此,必须通过改善企业年金资产的投资环境,实施更多的税收优惠政策等措施,为企业年金发展创造一个良好的外部环境。The enterprise pensions are playing a more and more important role in the system of multi-pillar endowment insurance.The replacement ratio of enterprise pension is an important indicator.This paper establishes a cash flow equivalent model for the measurement of enterprise pension replacement ratio,and analyses the sensitivity of the factors which influence the replacement ratio of enterprise pension.Based on Three-State Markov-Switching Model,we analyze the trend of pension fund investment yield rate.The research indicates that postponing the retirement age and improving investment yields can enhance the replacement ratio of enterprise pension.Therefore,it is necessary to improve the investment environment of enterprise pensions property,implement more tax preference policies and other measures to create a favorable external environment.

关 键 词：企业年金 替代率 期限结构 敏感性分析 

分 类 号：F840.67[经济管理—保险]