Intergenerational Transfers and China's Social Security Reform

The Journal of the Economics of Ageing, Forthcoming

Marshall School of Business Working Paper No. 17-11

21 Pages Posted: 31 Jan 2017  

Ayse Imrohoroglu

University of Southern California - Marshall School of Business

Kai Zhao

University of Connecticut - Department of Economics

Date Written: December 6, 2016

Abstract

Most of the studies examining the implications of social security reforms in China use overlapping generations models and abstract from the role of family support. However, in China, family support plays a prominent role in the well-being of the elderly and often substitutes for the lack of government-provided old-age support systems. In this paper, we investigate the impact of social security reform in China in a model with two-sided altruism as well as a pure life-cycle model. We show that the quantitative implications of social security reform, in particular for capital accumulation and output, are very different across the two models.

Keywords: China, Social Security Reform

Suggested Citation

Imrohoroglu, Ayse and Zhao, Kai, Intergenerational Transfers and China's Social Security Reform (December 6, 2016). The Journal of the Economics of Ageing, Forthcoming; Marshall School of Business Working Paper No. 17-11. Available at SSRN: https://ssrn.com/abstract=2908663

Ayse Imrohoroglu (Contact Author)

University of Southern California - Marshall School of Business ( email )

701 Exposition Blvd
Los Angeles, CA 90089
United States
213-740-6518 (Phone)
213-740-6650 (Fax)

Kai Zhao

University of Connecticut - Department of Economics ( email )

365 Fairfield Way, U-1063
Storrs, CT 06269-1063
United States

Paper statistics

Downloads
20
Abstract Views
62