Optimum Size of Social Security in Developing Economies

Research Project

Project/Area Number	22830073
Research Category	Grant-in-Aid for Research Activity Start-up
Allocation Type	Single-year Grants
Research Field	Public finance/Monetary economics
Research Institution	Chiba Keizai University
Principal Investigator	SOMEYA Masakazu 千葉経済大学, 経済学部, 准教授 (40589397)
Project Period (FY)	2010 – 2011
Project Status	Completed (Fiscal Year 2011)
Budget Amount *help	¥2,886,000 (Direct Cost: ¥2,220,000、Indirect Cost: ¥666,000) Fiscal Year 2011: ¥1,482,000 (Direct Cost: ¥1,140,000、Indirect Cost: ¥342,000) Fiscal Year 2010: ¥1,404,000 (Direct Cost: ¥1,080,000、Indirect Cost: ¥324,000)
Keywords	発展途上国 / 財政 / 年金 / 経済成長 / 高齢化 / 動学的一般均衡 / 世代重複モデル / 社会保障
Research Abstract	Existing models use a representative agent for households and therefore cannot capture the impact of population aging through consumption-saving decision making. However, the model used in this research incorporate the impact of aging on household decision making. The model was applied to analyze the impact of aging on sustainability of pension system in China and obtained that raising a retirement age has the least adverse effect on growth and is a preferable reform option.

Report

(3 results)