Analysis of Effectiveness of China's Personal Pension System and Its Improvement Path
Based on the behavioral life-cycle theory and prospect theory,the system design of personal pension was expounded,the deep operation logic of China's personal pension system was analyzed.The problems were found,such as irreplaceable personal pension savings psychological account,high investment risk aversion,and limited attractiveness of preferential tax policies.Some countermeasures was proposed to improve the personal pension system:to add a default mechanism,strengthen market and government regulation and supervision,and supplement the preferential tax model.The means of adding a default mechanism,strengthening market and government regulation and supervision,and supplementing the preferential tax model were put forward to improve the personal pension system.
personal pensionsbehavioral life-cycle theoryretirement savingsinvestment decisionsinstitutional design
国家科技期刊平台
NSTL
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