Yang, Zaigui (2007): Partially Funded Pension, Fertility and Endogenous Growth. Published in: Insurance and Risk Management , Vol. 75, No. 1-2 (April 2007): pp. 1-12.
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Within 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.
|Item Type:||MPRA Paper|
|Original Title:||Partially Funded Pension, Fertility and Endogenous Growth|
|Keywords:||Partially Funded Public Pension; Endogenous Growth; Fertility Rate; Family Old-Age Security|
|Subjects:||H - Public Economics > H5 - National Government Expenditures and Related Policies > H55 - Social Security and Public Pensions|
|Depositing User:||Zaigui Yang|
|Date Deposited:||21. Nov 2009 15:21|
|Last Modified:||16. Feb 2013 13:31|
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