代际转移与商业养老保险对老年收入的影响差异研究

A Study on the Differential Impact of Intergenerational Transfer and Commercial Endowment Insurance on Elderly Income

构建混合利他动机和交换动机下的世代交叠模型,研究个人最优消费决策,测算商业养老保险与代际转移对老年收入水平的影响。结果发现:代际转移支付比例提高会减少商业养老保险的购买,进而降低老年收入水平,与其他因素相比,保险价格变动对保险需求的影响最明显。鉴于此,应丰富居民投资结构,建设高质量的教育体系,发挥家庭养老除代际转移支付之外的多样化功能,同时通过供给侧降费推动居民参与商业养老保险。

Constructing a generation overlapping model with mixed altruistic motivation and exchange motivation to study the optimal consumption decision of individuals and measure the impact of commercial endowment insurance and intergenerational transfer payments on the income level of the elderly.The results show that the increase of intergenerational transfer payment ratio will reduce the purchase of commercial endowment insurance,and then reduce the income level of the elderly.Compared with other factors,the change of insurance price has the most obvious impact on insurance demand.In view of this,it is necessary to enrich the investment structure of residents,build a high quality education system,give full play to the diversified functions of family pensions in addition to intergenerational transfer payments,and promote the participation of residents in commercial pension insurance through supply-side fee reductions.