Research on Optimal Enterprise Contribution of Hunan Province Based on OLG Model

Ni Yang ()
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Ni Yang: Hunan Normal University

Chapter Chapter 164 in The 19th International Conference on Industrial Engineering and Engineering Management, 2013, pp 1557-1565 from Springer

Abstract: Abstract Optimizing the enterprise contribution is the key factor for promoting the reforming of public pension system and insuring the dynamic balance of social security fund. This paper has made a research on optimal enterprise contribution of Hunan province based on OLG model. The empirical result showed that life expectancy growth would raise the optimal enterprise contribution, while population growth rate decline would reduce the contribution, and the latter factor made more influence. If both two factors were introduced in the equilibrium equation, the optimal enterprise contribution would be reduced from 20 to 10.04 %, when life expectancy growth raised from 73.8 to 77.2 and population growth rate declined. The research on optimal enterprise contribution provides theory basis and the policy support for macroeconomic policy making and pension reforming promoting.

Keywords: OLG model; Optimal enterprise contribution; Pension reforming; Life expectancy growth; Population growth rate (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-38391-5_164

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DOI: 10.1007/978-3-642-38391-5_164

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