延迟退休、财政支出结构调整与养老金替代率

发布时间：2018-01-19 12:24

本文关键词： 延迟退休财政支出结构养老金替代率经济增长　出处：《金融研究》2017年09期 　论文类型：期刊论文

【摘要】：本文构建了一个包含延迟退休和财政支出的跨期叠代模型,考察延迟退休和财政支出结构调整对养老金替代率的影响。本文的研究表明,延迟退休和财政支出中社会保障支出比例上升使得养老金替代率上升。相应的传导机制是,延迟退休使得储蓄减少,这又使得均衡状态的资本和工资收入下降。延迟退休通过工资收入下降的渠道对社保收入具有负面影响,通过增加社保缴纳人数渠道对社保收入具有正面影响。财政支出中社会保障支出增加使得生产性财政支出减少,这降低了资本回报率,使得均衡状态的资本和工资水平下降。社会保障支出对社保收入具有直接的正向影响,但又会通过工资水平下降渠道对社保收入具有负面影响。本文认为,在实施延迟退休政策和增加社会保障支出比例的同时,应从宏观视角和微观视角采取经济增长刺激计划,以实现福利改善。
[Abstract]:In this paper, we construct an intergenerational model which includes delayed retirement and fiscal expenditure, and investigate the effect of delayed retirement and fiscal expenditure structure adjustment on pension replacement rate. The increase of the proportion of social security expenditure in late retirement and fiscal expenditure leads to the increase of pension replacement rate. The corresponding transmission mechanism is that the delay in retirement leads to a decrease in savings. This, in turn, leads to a decline in capital and wage income in a balanced state. Delayed retirement has a negative impact on social security income through the channels of declining wage income. The increase of social security expenditure in the financial expenditure reduces the productive financial expenditure, which reduces the return on capital. Social security expenditure has a direct positive impact on social security income, but it will have a negative impact on social security income through the way of wage level decline. While implementing the delayed retirement policy and increasing the proportion of social security expenditure, the economic growth stimulus plan should be adopted from the macro and micro perspectives to improve welfare.
【作者单位】：中央财经大学经济学院;
【基金】：国家社科基金项目(16BJL059,16ZDA005,14ZDB120) 北京市社科基金项目(15JGA015) 霍英东教育基金会基础性研究课题(151083)的资助
【分类号】：F249.2;F812.45;F842.67
【正文快照】： 一、引言随着人口老龄化时代的到来,我国将逐步从人口红利期转向人口负债期,老年人口占比逐年上升,年轻劳动力人口占比逐年下降,这使得我国社保账户面临较大的压力。养老金替代率指个人退休后领取的养老金占退休前工资收入的百分比,通常用于衡量劳动者退休前后生活水平的差异(

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