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养老保险体制改革——基于运行效率与分配公平的两难抉择
[Pension Reforming——The Dilemma between Efficiency and Fairnes]

Author

Listed:
  • Zou, Tieding
  • Ye, Hang

Abstract

This paper uses an OLG model to analyze the dilemma between efficiency and fairness, and then give a numerical simulation for China’s reform practice in pension system with Chinese data.Results showed that :1)Compared to efficiency and fair distribution, partial full-funded syste- m was better than full-funded system, and worse than pay-as-you-go system.2)Based on the situat- ion of China ,it is reasonable to choose and keep partial full-funded system. Labor production is t- he key factor in improving efficiency and fair distribution,more investment was needed to improve human capital,and the school education and vocational education also need to pay more attention.

Suggested Citation

  • Zou, Tieding & Ye, Hang, 2013. "养老保险体制改革——基于运行效率与分配公平的两难抉择 [Pension Reforming——The Dilemma between Efficiency and Fairnes]," MPRA Paper 49579, University Library of Munich, Germany, revised 23 Jul 2013.
    • Handle: RePEc:pra:mprapa:49579
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    References listed on IDEAS

    as
    1. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1992. "Social Security and Medicare Policy from the Perspective of Generational Accounting," NBER Chapters, in: Tax Policy and the Economy, Volume 6, pages 129-145, National Bureau of Economic Research, Inc.
    2. Estelle James, 2001. "How Can China Solve ist Old Age Security Problem? The Interaction Between Pension, SOE and Financial Market Reform," CeRP Working Papers 15, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    3. Brunner, Johann K., 1993. "Redistribution and the efficiency of the pay-as-you-go pension system," Discussion Papers, Series I 265, University of Konstanz, Department of Economics.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Pension; Efficiency; Fairness; Pension Reform;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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