Abstract
Under the policy of developing northwest China, ethnic minority areas of Gansu province has achieved unprecedented success in economic construction and made progress in developing social security cause which has adapted to the requirements of the social and economic reform. While during the operation of social security system, there appears new conditions and problems. This paper employs urban endowment insurance theory to analyze the pattern and operation mechanism of social endowment insurance in ethnic minority areas (hereafter referred to as minority areas) of Gansu province. It introduces foreign and domestic social endowment insurance patterns, analyzes problems within the social endowment insurance system in minority areas and puts forward the corresponding solutions.
Highlights
Gansu is a multiracial province and a main habitation for ethnic minorities in China
Economists represented by Feldstein from Harvard University in the US believe that the Pay-as-you-go endowment insurance system will bring negative impact on personal saving
Total accumulation system mainly exists in developing countries
Summary
Gansu is a multiracial province and a main habitation for ethnic minorities in China. The total population of Gansu province at the end of 2003 was 26.03 million, in which minorities population was 2.27 million, accounting for 8.69% of the total population. The Tibetan population of Gannan Tibetan Autonomous Prefecture (hereafter referred to as Gannan prefecture) reached 0.3256 million, accounting for 49.01% of the local population. The author chooses Gannan prefecture as a research area to study the social endowment insurance system, people’s understanding about endowment insurance and pension fund accumulation
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