| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9156 |
| DP9156 Sharing High Growth Across Generations: Pensions and Demographic Transition in China | |
| Fabrizio Zilibotti; Kjetil Storesletten; Zheng Michael Song; Yikai Wang | |
| 发表日期 | 2012-09-30 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population threatens the fiscal sustainability of its pension system, a key vehicle for intergenerational redistribution. We analyze the positive and normative effects of alternative pension reforms, using a dynamic general equilibrium model that incorporates population dynamics and productivity growth. Although a reform is necessary, delaying its implementation implies large welfare gains for the (poorer) current generations, imposing only small costs on (richer) future generations. In contrast, a fully funded reform harms current generations, with small gains to future generations. High wage growth is key for these results. |
| 主题 | International Macroeconomics |
| 关键词 | China Credit market imperfections Demographic transition Economic growth Fully funded system Inequality Intergenerational redistribution Labor supply Migration Pensions |
| URL | https://cepr.org/publications/dp9156 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537991 |
| 推荐引用方式 GB/T 7714 | Fabrizio Zilibotti,Kjetil Storesletten,Zheng Michael Song,et al. DP9156 Sharing High Growth Across Generations: Pensions and Demographic Transition in China. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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