Dynamic Structural Balance of the Fund of Chinas Hybrid Urban Pension System Based on Actuarial Model
Dynamic balance of pension fund is becoming a core index which is determinant to the successful transition of Chinas Hybrid Urban Pension System. This paper constructs actuarial model of dynamic balance of pension fund, simulating the structural balance of pension fund based on multi-caliber population and multi-scheme, including the balance of the social pooling account, of individual accounts and of aggregate pension system which is the sum of the both. The calculation shows that governments bearing implicit debt of pension system, delaying retirement and expanding covered population are significant to strengthen the balance of the social pooling account and of aggregate pension system. As to the balance of individual accounts, expanding covered population is more effective than delaying retirement. But because of the small accumulation of current pension system, it has weak effect on the balance of pension fund.
pension fund dynamic structural balance
WAN Chun
Economy School, Jiangxi University of Finance and Economics, P.R.China, 330013
国际会议
威海
英文
744-754
2010-07-24（万方平台首次上网日期，不代表论文的发表时间）