Research on intertemparal optimization of partially funded pension reform

Author

De-xin, Zou ; Chong, Jiang

Author_Institution

Res. Center of Sports Social Sci., Shenyang Sports Univ., Shenyang, China

fYear

2009

fDate

17-19 June 2009

Firstpage

4798

Lastpage

4803

Abstract

This paper studies the impact of the social security reform on the efficiency of economic equilibrium in a typical overlapping generation model. It is founded that there is a Pareto-improving of pension system reform from pay-as-you-go system to partially funded system under this paper´s settings: improve the economic growth, increase equilibrium consumption, decrease income difference and improve social welfare. The result is helpful for policy choice of investment of China´s social security fund.

Keywords

Pareto optimisation; investment; macroeconomics; pensions; China; economic equilibrium efficiency; economic growth; intertemparal optimization; overlapping generation model; partially funded pension reform; partially funded system; pension system reform; social security reform; social welfare; Aging; Economic indicators; Educational institutions; Electronic mail; Finance; Investments; Macroeconomics; Pensions; Resource management; Security; Overlapping Generation Model; Pareto efficiency; Partially funded system; Welfare;

fLanguage

English

Publisher

ieee

Conference_Titel

Control and Decision Conference, 2009. CCDC '09. Chinese

Conference_Location

Guilin

Print_ISBN

978-1-4244-2722-2

Electronic_ISBN

978-1-4244-2723-9

Type

conf

DOI

10.1109/CCDC.2009.5194863

Filename

5194863