国有资本收人划拨养老保险、人力资本积累与经济增长

The Allocation of Public Capital Income to Pension Funding,Human Capital Accumulation,and Economic Growth

本文基于内生生育选择和教育投入决策模型,引入国有资本收入划拨养老保险的机制,分析了国有资本收入划拨养老保险的比率对人力资本积累和经济增长的影响。结果表明,加大国有资本收入对养老保险的划拨力度能够提高个人福利,降低个人对子女陪伴的依赖,从而会使家庭减少生育数量,转而增加对子女的教育投入。当子女享有的总教育投入对划拨率的弹性大于生育成本对划拨率的弹性时,划拨率的增加能够促进人力资本积累与经济增长。

This paper studies the effects of the allocation of public capital income to pension funding on the household procreation and education investment decision, and the growth of per capita income in an endogenous growth model. The study indicates that the higher allocation of public capital income tO pension, the fewer chil- dren and the more education investments parents would prefer. Furthermore, if the elasticity of education invest- ment to the allocation percentage overwhelms the elasticity of fertility cost to the allocation percentage, the more allocation will facilitate human capital accumulation and economic growth.