The Impact of the Two-Child Policy on the Pension Shortfall in China: A Case Study of Anhui Province

The one-child policy was designed as a basic national in China and written into the Constitution 1982. main content purpose of are to advocate late marriage, childbearing fewer births control population growth planned way. Since implementation policy, its positive effect upon China’s economic development cannot be ignored, but after entering 21st century, problems related aging became obvious. Consequently, pension system is confronted with great challenges. Under these circumstances, initiated two-child 2016. This paper tries forecast change shortfall “two-child” Anhui Province by establishing revenue model, expenditure model prediction model. results reveal that helps alleviate pressure on system, limited trend increasing long run. To reduce burden government can consider extending contribution period retirement age make sustainable.