NDLI: Urban Public Pension, Two-Sector Production and Endogenous Growth

Content Provider	IEEE Xplore Digital Library
Author	Zaigui Yang
Copyright Year	2010
Abstract	By employing an endogenous growth model, this paper investigates China's urban public pension system. We examine the effects of the firm contribution rate, individual contribution rate and population growth rate on the economic growth rate, saving rate and education expense ratio. Raising the firm contribution rate decreases the economic growth rate and saving rate, whereas increases the education expense ratio. Raising the individual contribution rate only decreases the saving rate. A rise in the population growth rate decreases the economic growth rate and education expense ratio. The effect of the firm contribution rate on the economic growth rate is much greater than that of the population growth rate, that on the saving rate is smaller than that of the individual contribution rate, and that on the education expense ratio is much smaller than that of the population growth rate. To promote the economic growth, decrease the saving rate and education expense ratio, it is necessary to reduce the firm contribution rate, raise the individual contribution rate and restrain the population growth rate.
Starting Page	445
Ending Page	449
File Size	291369
Page Count	5
File Format	PDF
ISBN	9781424475759
e-ISBN	9781424475766
DOI	10.1109/BIFE.2010.108
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-08-13
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Economics two-sector production Biological system modeling Education urban public pension Humans Production endogenous growth Pensions Security
Content Type	Text
Resource Type	Article

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