Chinese Basic Pension Substitution Rate: A Monte Carlo Demonstration of the Individual Account Model


Autoria(s): Dong, Bei; Zhang, Ling; Lu, Xuan
Data(s)

2008

Resumo

At the end of 2005, the State Council of China passed ”The Decision on adjusting the Individual Account of Basic Pension System”, which adjusted the individual account in the 1997 basic pension system. In this essay, we will analyze the adjustment above, and use Life Annuity Actuarial Theory to establish the basic pension substitution rate model. Monte Carlo simulation is also used to prove the rationality of the model. Some suggestions are put forward associated with the substitution rate according to the current policy.

Formato

application/pdf

Identificador

http://urn.kb.se/resolve?urn=urn:nbn:se:du-4839

Idioma(s)

eng

Publicador

Högskolan Dalarna, Statistik

Högskolan Dalarna, Statistik

Högskolan Dalarna, Statistik

Direitos

info:eu-repo/semantics/openAccess

Palavras-Chave #Individual Account #Substitution Rate #Basic Pension System #Gibbs Sampling #MCMC.
Tipo

Student thesis

info:eu-repo/semantics/bachelorThesis

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