The saving effect of China’s old-age security system

Author

Wang Ya-ke ; Lv Wen-dong

Author_Institution

Sch. of Insurance & Econ., Univ. of Int. Bus. & Econ., Beijing

fYear

2008

fDate

10-12 Sept. 2008

Firstpage

1294

Lastpage

1300

Abstract

Using urban household survey dataset conducted by ldquoindividual income distribution projectrdquo in Economics Institution of CASS (China Academic Social Science) in 2002, this paper analyzes saving effect of Chinapsilas old-age insurance system. This paper concludes that Pay-as-you-go public pension wealth has the large crowd-out effect on the private wealth accumulation, and the substitute rate is about 70~80 percent. The empirical analysis also considers that individual account pension wealth has no displacement effect on the household saving, and increases the wealth accumulation.

Keywords

insurance; pensions; China Academic Social Science; individual income distribution project; insurance system; pay-as-you-go public pension wealth; security system; urban household; Conference management; Data analysis; Data security; Engineering management; Environmental economics; Insurance; Pensions; Project management; Testing; Time series analysis; fully funded; partially funded; pay-as-you-go; saving effect; social security wealth;

fLanguage

English

Publisher

ieee

Conference_Titel

Management Science and Engineering, 2008. ICMSE 2008. 15th Annual Conference Proceedings., International Conference on

Conference_Location

Long Beach, CA

Print_ISBN

978-1-4244-2387-3

Electronic_ISBN

978-1-4244-2388-0

Type

conf

DOI

10.1109/ICMSE.2008.4669074

Filename

4669074