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Chinese Basic Pension Substitution Rate: A Monte Carlo Demonstration of the Individual Account Model
Dalarna University, School of Technology and Business Studies, Statistics.
Dalarna University, School of Technology and Business Studies, Statistics.
Dalarna University, School of Technology and Business Studies, Statistics.
2008 (English)Independent thesis Basic level (degree of Bachelor)Student thesis
Abstract [en]

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.

Place, publisher, year, edition, pages
2008.
Keyword [en]
Individual Account, Substitution Rate, Basic Pension System, Gibbs Sampling, MCMC.
Identifiers
URN: urn:nbn:se:du-4839OAI: oai:dalea.du.se:4839DiVA: diva2:518899
Uppsok
Social and Behavioural Science, Law
Supervisors
Available from: 2010-06-18 Created: 2010-06-18 Last updated: 2012-04-24Bibliographically approved

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fulltext(375 kB)498 downloads
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
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More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
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  • Other locale
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Output format
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  • asciidoc
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