Research Article
Empirical Study on Inter-Provincial Differences in the Security Level of China’s Pension System for Urban Employees—Based on Cross-Section Data
@INPROCEEDINGS{10.4108/eai.24-5-2024.2350123, author={Chun Wan and Junwei Xia and Li Xu}, title={Empirical Study on Inter-Provincial Differences in the Security Level of China’s Pension System for Urban Employees---Based on Cross-Section Data}, proceedings={Proceedings of the 3rd International Conference on Mathematical Statistics and Economic Analysis, MSEA 2024, May 24--26, 2024, Jinan, China}, publisher={EAI}, proceedings_a={MSEA}, year={2024}, month={10}, keywords={inter-provincial differences security level the pension system for urban employees the principal component analysis method}, doi={10.4108/eai.24-5-2024.2350123} }- Chun Wan
Junwei Xia
Li Xu
Year: 2024
Empirical Study on Inter-Provincial Differences in the Security Level of China’s Pension System for Urban Employees—Based on Cross-Section Data
MSEA
EAI
DOI: 10.4108/eai.24-5-2024.2350123
Abstract
Promoting the national pooling of the Pension System for Urban Employees (PSUE) is an important strategy for China to cope with population aging, but the problem of inter-provincial differences has become an obstacle. This paper selects 3 primary indexes and 10 secondary indexes to construct an evaluation system of the security level of the PSUE, and empirically analyses the inter-provincial differences based on China’s cross-section data of 31 provinces in 2021, using the principal component analysis method. The conclusions include: in terms of overall differences, the security level of the PSUE is diminishing from the east to the west; in terms of structural differences, economic factors, pension fund sustainability, and demographic factors affect the security level of the PSUE with the weights of 37.717%, 29.335%, and 24.348% respectively.