Study on the Fairness of Distribution of Institutional Pension Resources in China

Abstract

To optimize the allocation of institutional pension resources, we use the Gini coefficient and the Theil index to analyze the fairness of the allocation of institutional pension resources at 2016 in China. It is found that the resources of the nursing caregivers are lacking, and their allocation is highly unfair; the institutional-style old-age resources are more equitable in terms of population distribution than geographical distribution; intra-regional differences are the main reason for unfair allocation, especially in the western regions. To overcome these shortcomings, several countermeasures are provided. Firstly, multiple measures should be taken to ensure the supply of resources for the elderly. Secondly, we can combine home care with community pension to solve the distance problem. Finally, it is necessary to dynamically adjust the supply according to the needs of the elderly, and break the "dual-track system" of pension policy.