Longevity Risk and Capital Accumulation under the Current China Pension System

被引：0
|
作者：
Hu, Shiqiang [1 ]
机构：
[1] Zhejiang Univ Finance & Econ, Sch Finance, Hangzhou 310018, Zhejiang, Peoples R China
来源：
2013 SIXTH INTERNATIONAL CONFERENCE ON BUSINESS INTELLIGENCE AND FINANCIAL ENGINEERING (BIFE) | 2014年
关键词：
longevity risk; dynamic mortality table; capital accumulation; DEMOGRAPHIC-STRUCTURE; GROWTH; MODEL; DEBT;
D O I：
10.1109/BIFE.2013.67
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper employs a stochastic OLG (overlapping-generations) model with time-varying instantaneous mortality rates to analyze the relationship between longevity risk and capital accumulation under the current China pension system. By employing a dynamic mortality table, our numerical simulation suggests that longevity risk does increase capital accumulation. Furthermore, we find that the current state pension arrangement cannot initiate capital accumulation.
引用
收藏
页码：315 / 318
页数：4
相关论文
共 50 条
  • [1] A Study on Fiscal Risk of China's Employees Basic Pension System under Longevity Risk
    Le, Min
    Xiao, Xinrong
    Pamucar, Dragan
    Liang, Qianling
    [J]. SUSTAINABILITY, 2021, 13 (10)
  • [2] Fertility, human capital accumulation, and the pension system
    Cremer, Helmuth
    Gahvari, Firouz
    Pestieau, Pierre
    [J]. JOURNAL OF PUBLIC ECONOMICS, 2011, 95 (11-12) : 1272 - 1279
  • [3] Analyses of Pension Strategies under the Longevity Risk Environment
    Qin Yi
    Liu Wei
    Wu Yifan
    [J]. PROCEEDINGS OF 2014 CHINA INTERNATIONAL CONFERENCE ON INSURANCE AND RISK MANAGEMENT, 2015, : 538 - 548
  • [4] On the Golden Rule of capital accumulation under endogenous longevity
    de la Croix, David
    Ponthiere, Gregory
    [J]. MATHEMATICAL SOCIAL SCIENCES, 2010, 59 (02) : 227 - 238
  • [5] CAPITAL ACCUMULATION AND LONGEVITY
    SINHA, T
    [J]. ECONOMICS LETTERS, 1986, 22 (04) : 385 - 389
  • [6] THE RATE OF RETURN ON CAPITAL FOR PENSION SYSTEM IN CHINA
    Jiang, Yunyun
    Ren, Ruoen
    [J]. JOURNAL OF SYSTEMS SCIENCE AND SYSTEMS ENGINEERING, 2006, 15 (04) : 465 - 473
  • [7] The rate of return on capital for pension system in China
    Yunyun Jiang
    Ruoen Ren
    [J]. Journal of Systems Science and Systems Engineering, 2006, 15 : 465 - 473
  • [8] THE RATE OF RETURN ON CAPITAL FOR PENSION SYSTEM IN CHINA
    Yunyun JIANG1 Ruoen REN2 1
    [J]. Journal of Systems Science and Systems Engineering, 2006, (04) : 465 - 473
  • [9] Risk Management for China Pension Funds Based on the Longevity Swap
    Shang, Qin
    Zheng, Xiangyi
    [J]. 2014 4TH INTERNATIONAL CONFERENCE ON APPLIED SOCIAL SCIENCE (ICASS 2014), PT 3, 2014, 53 : 390 - 394
  • [10] Managing Longevity Risk in Pension System: The Case Study of Poland
    Szczepanski, Marek
    [J]. COUNTRY EXPERIENCES IN ECONOMIC DEVELOPMENT, MANAGEMENT AND ENTREPRENEURSHIP, 2017, 5 : 705 - 714
12345