寿险对消费内需的作用机制研究

采用预防性储蓄研究框架,通过建立纳入不确定因素的效用函数模型,分析了寿险产品中年金产品和非年金产品影响消费内需的机制及效果,并对2010年中国各地区及世界主要国家的寿险业发展和消费内需水平进行了横向比较。本文的研究表明,寿险业对于消费内需的作用机制在于:通过"风险汇聚"和"损失分担"的机制,消除居民面临的损失、收入、支出以及寿命的不确定性,使居民对未来形成稳定的预期,从而降低居民的预防性储蓄,增加现期消费。因此,寿险业对于消费内需具有重要的拉动作用。

The Effect of Life Insurance on Domestic Consumption

Under the framework of precautionary savings,this paper studied the mechanism and effect of annuity products and non-annuity products on boosting consumption.It laterally compared the life insurance industry development and domestic consumptions in different provinces of China and some other countries.The study showed that life insurance industry,with its inherent mechanism of "risk clustering and loss sharing",promoted residents′ current consumption by reducing income volatility and losses uncertainty,as well as reducing uncertainty on their life expectancy.Thus,life insurance industry was the effective means for improving domestic consumptions.