养老保险个人账户低效运行的产权制度分析

为从理论上探索提高养老保险个人账户运行效率的途径，运用产权理论和相关文献分析了个人账户低效运行的根源。分析认为，导致个人账户低效运行的主要原因是产权界限模糊和产权制度缺失。分析结果表明，提高个人账户运行效率的关键在于规范的产权制度和健全的管理体制，其中包括：明确界定个人账户产权的私有属性，发挥产权的效率功能；加强产权立法建设，维护缴费者私人财产权益；个人账户与统筹账户分账管理，保障个人账户产权安全；充分披露个人账户信息，防止产权分割重组中的道德风险。

Analysis on property rights in inefficient operation for personal accounts of endowment insurance

To explore the way to improve operating efficiency of personal accounts system of endowment insurance system, this paper uses the theories of property right and related literatures to analyze the causes of inefficient operation of the system. The analysis shows that the main reasons why personal accounts can not be defined clearly and there is a lack of property rights system. The research finds that the key points lie in the property rights system and sound management system, including clearly defining the private property ownership of personal accounts, fully displaying an efficient function of property rights, strengthening the legislative building of property rights, protecting the rights of private property, well managing individual accounts and co-ordinate accounts, safeguarding the personal property security, fully releasing personal account information so as to prevent the moral hazard in division and reorganization of property rights.