社会保障体系的根基在实体经济——高价值化积累率重创美国养老基金体系的思考

美国独特的社会保障体系存在高价值化积累率与低储蓄率的悖论。美国社会保障体系过度依赖于虚拟经济,导致其与金融体系一样存在着严重的脆弱性,其风险随着金融系统性风险一同增长。社会保障体系的经济基础源于实体经济,应建立以实体经济为基础的中国社会保障模式,规划好社保基金中政府保障部分和市场化增值部分的比例,从而更好地发挥社会保障功能和作用。

On Social Protection Rooted in Material Economy

This paper describes the unique social security system of the United States,reveals the paradox between high rate of pricedizing accumulation and low savings rate.The U.S.social security system relies on fictitious economy excessively,which leads to that the social security system has serious fragility as the financial system does,and the risk of social security system grows with the systemic risk.As far as China is concerned,the paper points out that the economic foundation of the social security system is...