Feedback analysis of population, economy and pension: Moderate scale of China’s pension strategic reserve
| Autor: | Yongqing Xu, Yunshu Tang, Yaokuang Li, Yaoyun Ruan |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Statistics and Probability
Pension education.field_of_study media_common.quotation_subject Population Condensed Matter Physics Payment 01 natural sciences 010305 fluids & plasmas System dynamics Empirical research Economy Scale (social sciences) 0103 physical sciences Renminbi Economics 010306 general physics education China media_common |
| Zdroj: | Physica A: Statistical Mechanics and its Applications. 551:124043 |
| ISSN: | 0378-4371 |
| Popis: | This paper puts the population, economy and pension into a unified framework, analyzes the interactive feedback mechanism between them, and builds a system dynamics model to explore the moderate scale of China’s pension strategic reserve from the following three perspectives: whether it can resist the pension payment crisis in future according to the current growth rate; if the pension gap is completely filled by the reserve, what size of the reserve needs to reach; a moderate range of the reserve when local governments are jointly responsible for filling the gap. The empirical research shows: the reserve cannot resist the pension payment crisis; the reserve needs to reach 54.21 trillion RMB before the gap appears, under the condition of fully filling the gap; the reserve needs to reach the range of 19.96 trillion to 39.51 trillion RMB before the gap appears with the participation of local governments. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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