用“艾隆条件”评价我国社会养老金应采用的筹资模式

Appraising the Model of Chinese Pension System under the Current and Future Aaron Conditions

为了应对人口老龄化等原因带来的现行社会养老金体制财务上的危机,必须使社会养老保险基金进入资本市场以实现增值。然而,现行的现收现付制社会养老金体制不适合养老基金进入资本市场,只有转化为基金制才适合进入资本市场。中国现在和未来的“艾隆条件”说明,由现收现付制转化为基金制可行。

In order to deal with the potential financial crisis resulting from the aging population and other factors, pensions must be appreciated by investing into capited markets. However, the current pension system in China is unsuitable for pensions to invest into capital markets. Pensions must be transformed into funds so as to invest into capital market. The current and future Aaron conditions in China show that pay - as - you - go must be transformed to funds model.