Partially Funded Pension, Fertility and Endogenous Growth
AbstractWithin a framework of an overlapping generations endogenous growth model, this paper examines the effects of China’s partially funded public pension on the fertility, the economic growth and the family old-age security. Chinese are assumed to satisfy for both having children and getting old-age material support from children. It is shown that raising the firm contribution rate reduces the rates of fertility and intergenerational transfer, and increases the economic growth rate. The individual contribution has no effect on the above rates. This paper also finds the proper firm contribution rate interval to promote economic growth, control population rationally and maintain some family old-age security.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18681.
Date of creation: Apr 2007
Date of revision:
Publication status: Published in Insurance and Risk Management 1-2.75(2007): pp. 1-12
Partially Funded Public Pension; Endogenous Growth; Fertility Rate; Family Old-Age Security;
Find related papers by JEL classification:
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
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