企业年金制度的经济效应——基于一般均衡模型的研究

Economic Effects of the Occupational Pension System :the Research based on General Equilibrium Model

在人口老龄化背景下,企业年金制度得到了广泛发展,其产生的经济效应不容忽视。本文在一般均衡框架下,利用世代交叠模型(OLG)从宏观经济资本与产出、微观经济生产者、微观经济消费者三个层面分析了企业年金制度带来的经济效应。分析结果表明,企业年金制度的建立,使资本量和产量增加,使资本—劳动比、产出—劳动比及资本—产出比提高;导致利率和工资水平下降,但幅度不大;使工作期和退休期的消费增加,个人消费效用水平提高。就整体而言,企业年金制度的经济效应是正面的。

Occupational pension system expands widely under the background of aging population.Its economic effects can not be ignored.The economic effects of occupational pension system are analyzed by using an OLG model within general equilibrium framework from three different dimensions in this paper.The analysis shows that after occupational pension system establish not only capital and output but also capital-labour ratio,output-labour ratio and capital-output ratio will rise,furthermore,interest rate and wage rate will decrease,the consumption will increase and individual utility will improve.Generally speaking,the economic effects of occupational pension system are positive.