Sustainability and inequality of Taiwan's National Pension Insurance

被引：1
|
作者：
Chang, Chih-Kai [1 ]
Tao, Hung-Lin [2 ,3 ]
Chang, Hsun-Fang [1 ]
机构：
[1] Soochow Univ, Dept Financial Engn & Actuarial Math, 56 Kuei Yang St,Sec 1, Taipei 10048, Taiwan
[2] Soochow Univ, Dept Econ, 56 Kuei Yang St,Sec 1, Taipei 10048, Taiwan
[3] Acad Sinica, Res Ctr Humanities & Social Sci, Taipei, Taiwan
来源：
INTERNATIONAL JOURNAL OF SOCIAL WELFARE | 2024年 / 33卷 / 01期
关键词：
financial sustainability; intergenerational inequality; intragenerational inequality; National Pension Insurance;
D O I：
10.1111/ijsw.12599
中图分类号：
C916 [社会工作、社会管理、社会规划];
学科分类号：
1204 ;
摘要：
Taiwan's National Pension Insurance (NPI) is a compulsory defined benefit pension insurance scheme. However, paying the NPI premium is not mandatory. We use the NPI administrative data of more than 489 million observations to investigate the NPI's sustainability and inequalities for various groups. We find that NPI participants pay their premiums either consistently or not at all. Although the overall willingness to pay the premiums has been declining, one group of the insured persons consistently pays, thereby maintaining the sustainability of the NPI. Intergenerational and intragenerational inequalities are both found in the NPI; however, the government's premium subsidy reduces intragenerational inequality, except for young adult males who need the NPI and regularly pay premiums. Our empirical results suggest that subsidising these young male citizens strengthens the NPI's sustainability and mitigates the intergenerational and intragenerational inequalities of the NPI.
引用
收藏
页码：263 / 289
页数：27
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