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

Listed author(s):
  • Zou, Tieding
  • Ye, Hang
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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.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 49579.

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Date of creation: 05 Jan 2013
Date of revision: 23 Jul 2013
Handle: RePEc:pra:mprapa:49579
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  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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