Intergenerational transfers and China’s social security reform
نویسندگان
چکیده
منابع مشابه
Social Security Reform with Impure Intergenerational Altruism∗
This paper studies the long-run aggregate and welfare effects of eliminating Social Security in a quantitative dynamic general equilibrium life-cycle model where parents and their children are linked by voluntary and accidental bequests. Social security in this model with impure altruism has a smaller effect on capital accumulation than in a pure life-cycle model, a bigger effect than in a mode...
متن کاملIntergenerational Transfers and Growth
This paper shows that, when the supply side dynamics is modelled along the lines suggested by the endogenous growth literature, it is possible that properly designed unfunded schemes would promote growth. The reduction in savings when an intergenerational transfer programme is introduced has a negative impact on capital accumulation and output. However, in the long run the saving rate will be g...
متن کاملFarmers and Social Security Reform
For several years, reports from the Trustees of the Social Security system have warned us that at the current rate of benefits and given the current age structure of our population, the Social Security system will go broke sometime between 2038 and 2042. To address Social Security Trustees’ concerns, President Bush, in his postelection speech, reported that one of the legacies of his administra...
متن کاملSocial Security Sustainability and Reform
Social Security is the foundation of retirement and disability income support in the United States, paying out $615 billion in benefits in 2008 to nearly 51 million beneficiaries. Although the core functions of Social Security remain largely unchanged, the system now faces an exceptional challenge: It is not financially sustainable in its current form. In the coming years, efforts to meet this ...
متن کاملIntergenerational Transfers and Demographic Transition
This paper presents an analysis of demographic transition based on the endogenous evolution of intergenerational transfers along an economy’s endogenous path of development. Two-period-lived agents belonging to overlapping generations choose optimally their desired levels of consumption and fertility, together with their desired sizes of transfers to both parents and children. Parents are more ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Journal of the Economics of Ageing
سال: 2018
ISSN: 2212-828X
DOI: 10.1016/j.jeoa.2017.01.003