{"product_id":"aging-population-and-pension-system-reform-in-china-an-analysis-of-a-computable-overlapping-generation-model-von-xin-yi","title":"Aging Population and  Pension System Reform in  China","description":"\u003cp\u003eThis thesis uses a computable Overlapping Generation (OLG) model to  examine the Chinese pension reform. The research involves calibrating an  OLG model for the Chinese economy and undertaking policy evaluations.  Model calibration involves choosing a set of household and firm  parameters to capture the key features of the Chinese economy and  pension system. Policy evaluation involves using the calibrated model to  compare economic variables under alterative pension policies. The major  pension policy focus is a comparison of Pay-As-You-Go (PAYG) and full  funded social security designs. The thesis examines the effect of pension  reform on the economy from both economy-wide and inter-generational  dimensions. Based on the simulation results the thesis argues for two  conclusions. Firstly, China's economic output would increase if the pension  reform occurred, as the capital stock under the full funded scheme is  higher than under the PAYG scheme. Secondly, the thesis finds that the  losers are the older generation at the time of the pension reform but that  all other generations would benefit from the reform.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783845442082\"\u003e\u003ch3\u003eAn Analysis Of a Computable Overlapping  Generation Model\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783845442082","offer_id":39442952781917,"sku":"9783845442082","price":68.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/87ea8834-679b-488d-a47c-cab288de1899.jpg?v=1775365177","url":"https:\/\/shop.autorenwelt.de\/en\/products\/aging-population-and-pension-system-reform-in-china-an-analysis-of-a-computable-overlapping-generation-model-von-xin-yi","provider":"Autorenwelt Shop","version":"1.0","type":"link"}