Altruism, Uncertain Lifetime and Partially Funded Public Pension Replacement Rate

摘要：

Based on altruistic individuals, this paper employs an overlapping generations model with uncertain lifetime to investigate the partially funded public pension system in China. The optimal social pool benefit replacement rate is derived in a market economy with social optimum. Our simulation results show that this rate decreases when the life expectancy rises or when the population growth rate falls, and further decreases in the joint case of risen life expectancy and fallen population growth rate. The result has several policy implications.

作者: Zaigui Yang

作者单位: China Institute for Actuarial Science and School of Insurance, Central University of Finance and Economics, P.R.China

会议类型: 国际会议

会议名称: The Second International Joint Conference on Computational Science and Optimization(CSO 2009)(2009 国际计算科学与优化会议)

会议地点: 三亚

会议语种:英文

页码: 2060-2062

在线出版日期: 2009-04-24（万方平台首次上网日期，不代表论文的发表时间）