Institutional Economics Analysis of China's Social Insurance Law
Yu Liu
Abstract
Yu Liu
Abstract
From the institutional rational basis of the rights protection system established by the Social Insurance Law,combined with the basic characteristics of social insurance,the problems in the setting of the legal system of social insurance are explored by economic rational analysis method.It is found that there are still many areas need to be improved,such as the establishment of social insurance accounts,social insurance and its collection ratio,the social insurance fund management and operations,etc.It is proposed that,if the non-commercialization of the labor force is considered as a standard to measure the tension between government intervention and economic development will be the best judge of the effectiveness of social insurance mechanism.
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From the institutional rational basis of the rights protection system established by the Social Insurance Law,combined with the basic characteristics of social insurance,the problems in the setting of the legal system of social insurance are explored by economic rational analysis method.It is found that there are still many areas need to be improved,such as the establishment of social insurance accounts,social insurance and its collection ratio,the social insurance fund management and operations,etc.It is proposed that,if the non-commercialization of the labor force is considered as a standard to measure the tension between government intervention and economic development will be the best judge of the effectiveness of social insurance mechanism.
Key concepts: Social insurance, Insurance law, General insurance, Key person insurance, Actuarial science, Business, Insurance policy, Commercialization