Public pensions and public rental housing

• Autores: Zaigui Yang
• Localización: Emerging Markets Finance & Trade, ISSN-e 1558-0938, Vol. 50, Nº. 2, 2014, págs. 203-213
• Idioma: inglés
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• Resumen

  • It is possible for the Chinese public pension and public rental housing to finance each other in the long term. Employing an overlapping generations (OLG) model, I examine the effects of the individual contribution rate, firm contribution rate, rent rate of public rental housing, and population growth rate on the capital-labor ratio, per capita consumption, per capita acreage of public rental housing, and per capita public rental housing property. According to economic goals, their effects, and their intensities, it does more good than harm to raise the individual contribution rate, reduce the firm contribution rate and rent rate of public rental housing, and restrict population growth rate.