Chinese public pensions analyzed by OLG models / Zaigui Yang.

Format:

Book

Author/Creator:

Yang, Zaigui, author.

Contributor:

Yang, Zaigui.

Series:

Routledge studies--China in transition.

China in transition

Language:

English

Subjects (All):

Pensions--China.

Pensions.

Retirement income--Government policy--China.

Retirement income.

Physical Description:

1 online resource (227 p.)

Place of Publication:

New York, New York : Nova Science Publishers, Inc., 2015.

Language Note:

English

Summary:

This book investigates the urban and rural public pension systems in China with overlapping-generations (OLG) models. This book is composed of three parts. Part one analyzes the urban public pension system, part two explores the rural public pension system, and part three discusses some possible public pension systems. It is difficult to find a book to study the Chinese public pension systems with the OLG model. This book can fill the gap in the market. It has the following distinctive features. Firstly, instead of pay-as-you-go or fully funded public pension systems, this book studies the Chi

Contents:

CHINESE PUBLIC PENSIONS ANALYZED BY OLG MODELS; CHINESE PUBLIC PENSIONS ANALYZED BY OLG MODELS; Library of Congress Cataloging-in-Publication Data; Contents; Preface; Acknowledgments; I. Urban Pension, Exogenous Model, Contribution Rate; Chapter 1: Basic OLG Model for Urban Public Pension; Abstract; 1. Introduction; 2. The Model; 2.1. Individuals; 2.2. Firms; 2.3. The Government; 2.4. Dynamic Equilibrium; 3. Comparative Statics; 3.1. Effect of Individual Contribution Rate; 3.2. Effect of Firm Contribution Rate; 3.3. Effect of Population Growth Rate; 4. Numerical Experiment

4.1. Parameter Calibration4.2. Simulation on Firm Contribution Rate; 4.3. Simulation on Population Growth Rate; 5. Social Optimum; Conclusion; Appendix A; Chapter 2: Lifetime Uncertainty and Urban Pension Contribution Rates; Abstract; 1. Introduction; 2. The Model; 2.1. Individuals; 2.2. Firms; 2.3. The Government; 2.4. Dynamic Equilibrium System; 3. Effects of Exogenous Variables; 3.1. Parameter Calibration; 3.2. Effect of Firm Contribution Rate; 3.3. Effect of Life Expectancy; 3.4. Effect of Population Growth Rate; 3.5. Intensities of the Effects; 4. Optimal Firm Contribution Rate

4.1. Social Welfare Maximization4.2. Risen Life Expectancy; 4.3. Fallen Population Growth Rate; 4.4. Risen Life Expectancy and Fallen Population Growth Rate; Conclusion; Chapter 3: Altruistic Motives, Life Expectancy and Urban Public Pension; Abstract; 1. Introduction; 2. The Model; 2.1. Individuals; 2.2. Firms; 2.3. The Government; 2.4. Dynamic Equilibrium; 3. Effects of Exogenous Variables; 3.1. Parameter Calibration; 3.2. Effect of Firm Contribution Rate; 3.3. Effect of Life Expectancy; 3.4. Effect of Population Growth Rate; 4. Social Optimum; 5. Optimal Firm Contribution Rate

5.1. Risen Life Expectancy5.2. Fallen Population Growth Rate; 5.3. Risen Life Expectancy and Fallen Population Growth Rate; Conclusion; Appendix A; II. Urban Pension, Endogenous Growth Model; Chapter 4: Urban Public Pension, Human Capital and Endogenous Growth; Abstract; 1. Introduction; 2. The Model; 2.1. Individuals; 2.2. Firms; 2.3. The Government; 2.4. Markets Clearing; 3. Equilibrium Analysis; 3.1. Analytical Solutions; 3.2. Effect of Firm Contribution Rate; 3.3. Effect of Individual Contribution Rate; 4. Numerical Experiment; 4.1. Parameter Calibration; 4.2. Effects of Policy Variables

ConclusionChapter 5: Urban Public Pension, Exogenous Fertility and Endogenous Growth; Abstract; 1. Introduction; 2. The Model; 2.1. Individuals; 2.2. Firms; 2.3. The Government; 2.4. Physical Capital Market; 3. Dynamic Equilibrium System; 4. Effects of Exogenous Variables; 4.1. Effect of Firm Contribution Rate; 4.2. Effect of Individual Contribution Rate; 4.3. Effect of population growth rate; 5. Numerical Experiment; 5.1. Parameter Calibration; 5.2. Effects of Exogenous Variables and Sensitivities; Conclusion; Chapter 6: Urban Public Pension, Endogenous Fertility and Economic Growth

Abstract

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-63463-989-8