Abstract
Social security serves as a “stabilizer” in social operations, a “regulator” of income distribution and a “safety net” for the people; it can promote social equity, optimize resource allocation and guarantee lasting national stability. At present, the Chinese society has entered a period of unprecedented great transformations and an era of increasing uncertainties and risks. There are risks in the market economy, the structure of social resource allocation is not rational, advantages and disadvantages exist in familial “heredity”, and personal abilities are different, thus members of the society are inevitably subject to various risks in survival and development. Therefore, it is necessary for the society to establish and improve a social security system covering social insurance, social assistance, social welfare and social special care so as to ensure that members of the society can effectively cope with social risks at a reasonable level of basic living standards.
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