摘要
本文研究认为在我国基本养老个人账户部分空账情况下,为了保证个人账户养老金保值增值,生命周期基础的默认基金投资管理模式是我国基本养老个人账户管理的较佳模式。该投资模式具有实账投资的投资绩效又具有良好的制度激励机制,能消除或减少目前政府对个人账户养老基金的隐性税收,同时使政府对养老基金的隐性债务的一部分被显性化,而且与未来实账背景下的投资管理模式对接及其模式创新有较好的适应性。
Our research shows that in order to ensure the value maintenance and appreciation of individual pension account, the life cycle based default fund investment management is the best pattern of the basic individual pension account management under China＇s partly empty account circumstance. This investment pattern not only has investment performance as real account, but also has good incentive mechanism. Therefore, it can eliminate or reduce the disguised tax revenue of individual pension account, and make part of the disguised debt of pension fund dominant. Moreover, it contributes to join the future real account investment management pattern with better adaptability in pattern innovation.
出处
《证券市场导报》
CSSCI
北大核心
2013年第12期49-55,共7页
Securities Market Herald
基金
国家社科基金一般项目"养老基金投资基础设施的投资策略与风险控制策略"(项目批准号:12BJY167)
西南财经大学中央高校基本科研业务费专项资金创新团队项目"社会保障管理创新"
关键词
养老个人账户
默认基金
投资管理
individual pension account, the default fund, investment management
