On handling population aging's public policy

我国养老保障制度从单位养老向社会化转制的过程中,同时遭遇了人口老龄化的冲击。转制带来的隐性债务在抚养比增大的作用下不断放大,个人账户难以实现有效积累和保值增值,任其发展必然形成严重的养老金支付危机。本文通过分析我国应对老龄化社会面临的特殊困难,结合现有代表性研究成果,提出在资本市场不完善的背景下,养老金个人账户向大型央企直接投资,转换部分国家持有股份以弥补个人账户缺口,并从鼓励居家养老的现实角度,提出“以家庭为单位“申报个人所得税的构想等建议。The population aging process puts a lot of pressure on China's public security system reform,in which the funding pattern is shifted from the pay-as-you-go system to the funding scheme.If the value of social security fund can not be retained and increased,the deficit would ruin the whole economy.In this paper,we discuss the special difficulties for China to resolve this problem.By a brief survey of literatures,we propose some advices,e.g.the social security fund can invest in state owned companies directly and the income tax can be levied on family base