The Influence of Flexible Retirement System to the Pension Insurance under the Second Demographic Dividend Perspective
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Abstract Confronted with aging before getting worthy, China is undertaking immerse press by following endowment insurance which was carried out just by the establishment of New China. By setting a two-period overlapping generation model, this paper analyzes the effect of different flexible retirement age on workforce endowment insurance payment rate and the aged replacement rate. The result shows that: (1) Aging rate will decline while the retirement age delaying under pay-as-you-go system. (2)Endowment insurance payment rate should go down on the condition of endowment insurance replacement getting unchanged.(3) Endowment insurance replacement should rise on the condition of endowment insurance payment rate unchanged. (4) Gradual delaying retirement age policy should be adopted according to the difference of gender, age, region, industry et al.
MENG Lian-Guo. The Influence of Flexible Retirement System to the Pension Insurance under the Second Demographic Dividend Perspective. Economic Survey, 2015, 32(3): 0138.
2015, Vol. 32 
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