Money and Pay-As-You-Go Pension

Yasuoka, Masaya

doi:10.3390/economies6020021

Economies

2018

DOI: 10.3390/economies6020021

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Money and Pay-As-You-Go Pension

Masaya Yasuoka

Abstract: This paper presents examination of how a pension policy affects income growth and the inflation rate in a utility model. Even if the contribution rate of pension increases because of an aging society, an aging society increases income growth and the inflation rate. Moreover, this paper presents examination of the optimal growth rate of the money supply. Because of the pension policy, the optimal growth rate of money stock changes. This result is intuitive because a pay-as-you-go pension changes capital accumul… Show more

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Cited by 2 publications

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Study on the Development Guarantee of Agricultural Industry Energy Diversification Supply under the Background of Rural Revitalization Strategy in Changchun City

Zhao

2019

IOP Conf. Ser.: Mater. Sci. Eng.

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In the report of the 19th National Congress of the Communist Party of China, it was proposed that the rural revitalization strategy should be vigorously implemented, and solving the problem of “agriculture, rural areas and farmers” should be the top priority. China is a big agricultural country, especially the three eastern provinces, which has driven the growth of agricultural economy and also demanded energy consumption demand. So far, the energy constraints of the agricultural industry have approached from the “flow constraint” state to the “stock constraint” state. Based on this, the paper takes Changchun City as an example, implements the rural revitalization strategy, gives play to the driving role of the central city, insists on coordinating urban and rural development, continuously increases the investment in modern agriculture, strengthens the agricultural industrial policy support system, and accelerates the construction of the three major systems of modern agriculture. At the same time, the energy diversification supply strategy is analyzed to achieve agricultural modernization and promote the development of a resource-saving and environment-friendly new agricultural industry.

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Study on the Development Guarantee of Agricultural Industry Energy Diversification Supply under the Background of Rural Revitalization Strategy in Changchun City

Zhao

2019

IOP Conf. Ser.: Mater. Sci. Eng.

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Optimal Subsidy Support for Market-Oriented Transformation of Elderly Care: Focus on the Gap between Supply and Demand in Aging Regions of China

Song

Liu

et al. 2020

Healthcare

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Satisfying the growing care demands of the elderly has become a major policy issue under the trend of rapidly aging of the population, especially in developing countries. Although the market-oriented transformation on the supply side is a sustainable way to cope with the pressing demands of elderly care in the long term, the conflict between private and public interests seriously impedes the transformation process in its early stage. From the perspective of maximizing social welfare, this study took the specific situation of China as an example and applied a Stackelberg game model to explore the optimal transformation policy that can balance such conflict of interests. By comparing the effects of two forms of subsidy in China, the results first theoretically verified the importance of subsidy in stimulating the private supply of elderly care, and then emphasized that the size of the gap between supply and demand is the fulcrum of differentiated subsidy, which determines the optimal policy for the development of the elderly care market (ECM) in each aging region. Additionally, the study showed that in the process of market-oriented transformation, the government’s positive response to the demands and preferences of the public, the establishment of market supervision measures, and the increase in the elderly’s affordability all play important roles in improving social welfare. These findings not only have policy implications for the marketization of elderly care in China, but also provide meaningful references for other developing countries in the word that are experiencing or about to experience elderly care problems.

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Money and Pay-As-You-Go Pension

Cited by 2 publications

References 20 publications

Study on the Development Guarantee of Agricultural Industry Energy Diversification Supply under the Background of Rural Revitalization Strategy in Changchun City

Study on the Development Guarantee of Agricultural Industry Energy Diversification Supply under the Background of Rural Revitalization Strategy in Changchun City

Optimal Subsidy Support for Market-Oriented Transformation of Elderly Care: Focus on the Gap between Supply and Demand in Aging Regions of China

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