In this paper we investigate the possibility of pareto improving social security reforms within a framework of endogenous growth. Belan et al. proposed a transition from a pay-as-you-go(PAYG) pension system to a syste...In this paper we investigate the possibility of pareto improving social security reforms within a framework of endogenous growth. Belan et al. proposed a transition from a pay-as-you-go(PAYG) pension system to a system of saving-subsidization. We follow this approach and prove that a pareto improving conversion from the PAYG system to a fully funded system is possible and discuss the problem of implementing the transition to the fully funded system.展开更多
China has entered the aging society, huge elderly population base, rapid growth in the elderly population and increasingly showing aging, empty nest trend. The population of Disability and half-disabled elderly who ne...China has entered the aging society, huge elderly population base, rapid growth in the elderly population and increasingly showing aging, empty nest trend. The population of Disability and half-disabled elderly who need take of is growing. The pressure of the government pension is huge. At the same time, the Private Institutions for the Aged supply gap is big, the trend of demand exceeds supply is increasing day by day. Private Institutions for the Aged has gradually become the mainstream, to become a good way to solve the problem of pension in the future. However, due to the system of China＇s old-age service is not perfect, the social security institution is not clear, the implementation of social security experience and so on. Those has brought the very big resistance to the development of private institutions for the aged. we need analyze the dilemma of private institutions for the aged, identify the underlying reasons, and continue to deepen market-oriented pension services.展开更多
文摘In this paper we investigate the possibility of pareto improving social security reforms within a framework of endogenous growth. Belan et al. proposed a transition from a pay-as-you-go(PAYG) pension system to a system of saving-subsidization. We follow this approach and prove that a pareto improving conversion from the PAYG system to a fully funded system is possible and discuss the problem of implementing the transition to the fully funded system.
文摘China has entered the aging society, huge elderly population base, rapid growth in the elderly population and increasingly showing aging, empty nest trend. The population of Disability and half-disabled elderly who need take of is growing. The pressure of the government pension is huge. At the same time, the Private Institutions for the Aged supply gap is big, the trend of demand exceeds supply is increasing day by day. Private Institutions for the Aged has gradually become the mainstream, to become a good way to solve the problem of pension in the future. However, due to the system of China＇s old-age service is not perfect, the social security institution is not clear, the implementation of social security experience and so on. Those has brought the very big resistance to the development of private institutions for the aged. we need analyze the dilemma of private institutions for the aged, identify the underlying reasons, and continue to deepen market-oriented pension services.
