Research on Supply-side Management of Pension Service Industry Under Rapidly Aging

Abstract

In recent years, China’s population has a low fertility rate, an aging population and a continuous weakening of family support functions. The pension service industry has become a common requirement for maintaining the life quality of the elderly and relieving the care pressure of their family members. For a long time, home-based pensions, community-based pensions and institutional pensions have been regarded as three major modes of care for the elderly in China. However, the supply-side of pension services in China has the misunderstanding of emphasis institutional pensions and light home-based pensions, and it does not pay enough attention and utilization to the role of the community care service platform. In this regard, from the perspective of management research, we should change our thinking. Focus on the development of a comprehensive pension service system which based on community and service at home; focus on building a community home-based pension service platform; establish a unified evaluation system for care needs of the elderly; adjust the functional orientation of the elderly care service institutions; and reform the establishment of the four major elements of the medical and health service system for the elderly. The effective development of community home-based pensions for the elderly needs to play a role in three aspects: financial security, technical support, and manpower development.