Abstract

Game analysis on full coverage and sustainability of social protection system in China

Author(s): Xingpeng Luo, Xiangqian Zhang

Full coverage and sustainability of China's social protection system is a basic system of social justice and social progress. Through construction and analysis of two game models, think that the sustainability of urban social endowment insurance system is influenced by local government's subsidy, social benefit distribution proportion and residents' payment. The sustainability of the new rural endowment insurance is affected by central government's supervision efficiency and local government's punishment of “illegal execution”. Then propose policy recommendations to achieve full coverage and sustainability of China's social protection system, including reasonable benefit share mechanism, long-term mechanism of financial support, multi supervision mechanism, comprehensive supplement mechanism and learning from foreign experience.