美国社会保障基金投资分析-国际贸易专业毕业论文.docx

哈尔 哈尔滨工业大学经济学硕士学位论文 - - II - Abstract In present China, it has become a popular issue to study overseas systems and formulate new investment which conforms to the reality of China. Whether its investment operation is effective or not, is of enormous influences not only on the civilians’ immediate interests, but also the normal and orderly operation of social security system. Therefore, the investment operation of the social security fund will be the key of the new stage of development. Among all the countries in the world, the United States has a relatively complicated social security systems and the broadest investment scale of security funds, which we naturally choose as our subject for study. How America’ social security fund is operated has been analyzed empirically as well as quantitatively. The investment direction of America’s social security fund is different, elaborates on the investment measures of America’s federal and local social security funds and private retirement funds, and analyzes the problems of the investment operation of America’s various social security funds; Using investment income-Risk theory and the capital asset pricing model to get: although American stock market more risky, but rational social security funds gradually increase the proportion of the investment, not only can improve the yield, but risk can still control and acceptable. Which is based on systematic study on the investment operation and supervision matters of America’s social security fund, sums up the references drawn from America’s investment and supervision methods of the social security fund and advocates, thinking about the matters on the investment and supervision of the social security fund according to the reality of China? Keywords: social security funds, social security, CAPM model - - PAGE IV - 目 录 摘 要 I Abstract II 第 1 章 绪论 1 1.1 国内外研究现状 1 1.1.1 国外研究现状分析 1 1.1.2 国内研究现状分析 2 1.1.3 国内外研究成果评述 4 1.2 本文研究内容及研究方法 4 1.2.1 研究内容 4 1.2.2 研究方法 4 1.3 美国社会保障基金概念及分类