Calculation of the Optimal Social Pooling Pension Contribution Rate Under the Three-Child Policy

DOI

10.2991/978-94-6463-036-7_235How to use a DOI?

Keywords

Endowment insurance; Social pooling account; Three-child policy; Payment rate

Abstract

Under the condition of maximization of social welfare and considering the influence of China's three-child policy, this paper establishes an optimal contribution rate model of old-age social pooling account under the three-child policy based on general equilibrium OLG, and analyzes the relationship between population growth rate and optimal contribution rate of social pooling account. With the decrease of population growth rate, the optimal contribution rate of social pooling account decreases. According to calculation, the optimal payment rate still shows a downward trend year by year after 2021. From the perspective of the effectiveness of China's three-child policy, although it has a certain impact on promoting population growth, this paper predicts that in the next five years after the implementation of the three-child policy, the optimal contribution rate of social pooling account will still decline slowly, and the impact of the three-child policy is not obvious. This shows that the effect of the decrease of population growth rate on the increase of wages and savings exceeds that of the decrease of the number of contributors.

Copyright

© 2022 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Mile Deng
AU  - Jiuru Zhu
PY  - 2022
DA  - 2022/12/31
TI  - Calculation of the Optimal Social Pooling Pension Contribution Rate Under the Three-Child Policy
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1575
EP  - 1580
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_235
DO  - 10.2991/978-94-6463-036-7_235
ID  - Deng2022
ER  -