An Analysis of Impact of Pension Insurance on Saving and Consumption Behaviors
نویسنده
چکیده
This paper uses data from China’s health and pension check (CHARLS) that was obtained in 2010 and also employs the OLS regression method to analyze the impact of pension insurance on savings and consumption, and to highlight the difference created by different elderly security systems. The research results show that part of the accumulated old-age insurance system still has simulative and crowding out effects on consumption and savings respectively, and moreover the impact resulting from different types of pension insurance on people’s saving and consumption is totally different. The above situation demonstrates that promoting the endowment insurance system actively is helpful for increasing consumption and stimulating the economy. More attention should be paid to the merger of different endowment insurance systems in the reform of endowment insurance, narrowing the difference between the different types of insurance, so as to lower the risk expectation and promote social fairness and justice.
منابع مشابه
Aging and Pension reform with Change contribution rates
Increased life expectancy and reduced fertility rates have led to aging which is one of the main causes of the pension funds imbalances in Iran’s pension funds. In order to resolve these imbalances, some reforms are required. The first option is to use parametric reforms, such as changing contribution rates of the pension system. The purpose of this study is to examine the impact of aging and c...
متن کاملThe Impact of Guarantees on the Performance of Pension Saving Schemes: Insights from the Literature
Guarantees are often seen as the key characteristics of pension saving products, but securing them can become costly and is of central relevance especially in the course of the current low interest rate environment. In this article, we deal with the question of how costly the typical types of guarantees are, in the sense that they reduce a pension saving scheme’s financial performance over time...
متن کاملشبیه سازی یک الگوی نسل های همپوشان 55 دوره ای با رویکرد به سازی نظام بازنشستگی ایران
The ability of OLG models in analyzing and simulating the various fields of an economy, such as the investigation of endogenous growth policies, the development of intergenerational equity criteria and the reform of social security system, has caused these models to have a special position among economists in recent decades. However, difficulties in quantifying these models and analyzing their ...
متن کاملThe Study of Thermostat Impact on Energy Consumption in a Residential Building by Using TRNSYS
The present study investigates the effectiveness of thermostat control strategy in cooling energy consumption in residential buildings. To evaluate the energy consumption, two scenarios including a residential zone with and without the thermostat control system are assumed. The TRNSYS software provides an efficient numerical tool to model and evaluate a cooling system. Furthermore, since solar-...
متن کاملPension Risk, Retirement Saving and Insurance
Using a representative sample of Italian investors, we estimate the risk associated with pension benefits by eliciting for each individual the subjective distribution of the replacement rate as a summary indicator of social security wealth. We find substantial heterogeneity of pension risk and show that it is consistently related to observable features in the pension system that have different ...
متن کامل