Research on the Difference Between Chinese and American Endowment Insurance and Pension System

DOI

10.2991/aebmr.k.220404.092How to use a DOI?

Keywords

Aging; Endowment insurance; Pension; Public Policy

Abstract

As the global technology and situation continue to develop, people’s life expectancy is getting longer and longer, and the slow growth or serious aging of the population has become a “common problem” in many countries. As a developing country, China’s population has been continually increasing in recent years. According to the results of the latest population census released by the National Bureau of Statistics of China, the total population of China is now around 1.4 billion [1]. Although the number of people in China is rising, the aging problem is becoming more serious and even appears to be worsening. This issue has also led the national government and society to pay more attention to the seniors. On the other side, The United States entered the aging society earlier than China, and paid attention to the aging problem and acted on it earlier, which made the U.S. pension system develop longer. This paper compares and analyzes the endowment insurance and pension systems in the United States and China to find out the differences between them. The purpose of this paper is to extract the better and more suitable parts of the endowment insurance and pension policy for Chinese society. The results of the study show that the U.S. pension system is more well-developed than China’s. Compared to China, U.S. citizens are more aware of retirement savings, and the distribution of pensions is more reasonable and has a better pension structure.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Jiamei Guo
PY  - 2022
DA  - 2022/04/18
TI  - Research on the Difference Between Chinese and American Endowment Insurance and Pension System
BT  - Proceedings of the 2022 International Conference on Creative Industry and Knowledge Economy (CIKE 2022)
PB  - Atlantis Press
SP  - 482
EP  - 485
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220404.092
DO  - 10.2991/aebmr.k.220404.092
ID  - Guo2022
ER  -