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Partially Funded Pension, Fertility and Endogenous Growth

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  • Yang, Zaigui

Abstract

Within a framework of an overlapping generations endogenous growth model, this paper examines the effects of China’s partially funded public pension on the fertility, the economic growth and the family old-age security. Chinese are assumed to satisfy for both having children and getting old-age material support from children. It is shown that raising the firm contribution rate reduces the rates of fertility and intergenerational transfer, and increases the economic growth rate. The individual contribution has no effect on the above rates. This paper also finds the proper firm contribution rate interval to promote economic growth, control population rationally and maintain some family old-age security.

Suggested Citation

  • Yang, Zaigui, 2007. "Partially Funded Pension, Fertility and Endogenous Growth," MPRA Paper 18681, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:18681
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    References listed on IDEAS

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    Cited by:

    1. Stauvermann, Peter J. & Ky, Sereyvath & Nam, Gi-Yu, 2013. "The Costs of Increasing the Fertility Rate in an Endogenous Growth Model," MPRA Paper 46381, University Library of Munich, Germany.

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    More about this item

    Keywords

    Partially Funded Public Pension; Endogenous Growth; Fertility Rate; Family Old-Age Security;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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