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[Pension Reforming——The Dilemma between Efficiency and Fairnes]


  • Zou, Tieding
  • Ye, Hang


This paper uses an OLG model to analyze the dilemma between efficiency and fairness, and then give a numerical simulation for China’s reform practice in pension system with Chinese data.Results showed that :1)Compared to efficiency and fair distribution, partial full-funded syste- m was better than full-funded system, and worse than pay-as-you-go system.2)Based on the situat- ion of China ,it is reasonable to choose and keep partial full-funded system. Labor production is t- he key factor in improving efficiency and fair distribution,more investment was needed to improve human capital,and the school education and vocational education also need to pay more attention.

Suggested Citation

  • Zou, Tieding & Ye, Hang, 2013. "养老保险体制改革——基于运行效率与分配公平的两难抉择
    [Pension Reforming——The Dilemma between Efficiency and Fairnes]
    ," MPRA Paper 49579, University Library of Munich, Germany, revised 23 Jul 2013.
  • Handle: RePEc:pra:mprapa:49579

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    References listed on IDEAS

    1. Brunner, Johann K., 1993. "Redistribution and the efficiency of the pay-as-you-go pension system," Discussion Papers, Series I 265, University of Konstanz, Department of Economics.
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    More about this item


    Pension; Efficiency; Fairness; Pension Reform;

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination


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