2011 Fiscal Year Final Research Report
Optimum Size of Social Security in Developing Economies
| Project/Area Number |
22830073
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| Research Category |
Grant-in-Aid for Research Activity Start-up
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Chiba Keizai University |
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Principal Investigator |
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| Project Period (FY) |
2010 – 2011
|
| 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 |
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| 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.
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