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Research on the Incentive Payment Policy of “More Benefits with Longer Payment Period” in China

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DOI: 10.23977/accaf.2021.020101 | Downloads: 15 | Views: 1503


Jiewen Xiang 1


1 School of Economics, Institute of Population Development and Health Governance, Hangzhou Normal University, Hangzhou, Zhejiang, 311121, China

Corresponding Author

Jiewen Xiang


China established a unified basic old-age insurance system for urban and rural residents in 2014. Although it is a milestone in the social security system for a populous country like China, there are still many problems in the actual operation process, of which the short payment period is the significant problem. The purpose of this paper is to analyze the policy implemented by Chinese local government for urban and rural residents to encourage the extension of payment period policy, to demonstrate whether the policy can effectively let individual participate in the insurance payment earlier, and as long as possible to contribute. At the same time, since bank savings deposits is still a relatively common way of personal capital accumulation for the Chinese people, between contributing more or depositing in the bank, which one will the individuals choose? With government subsidy, will it improve the level of old-age security currently?  This paper will illustrate through policy simulation.


Incentive payment policy; More benefits with longer payment period; The basic old-age insurance of urban and rural residents in China; Bank savings deposit


Jiewen Xiang, Research on the Incentive Payment Policy of “More Benefits with Longer Payment Period” in China. Accounting, Auditing and Finance (2021) Vol. 2: 1-7. DOI:


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