延迟退休年龄政策下养老保险基金的最优划转率研究——以上海市为例  

Research on the Optimal Transfer Rate of the Pension Insurance Fund under the Delayed Retirement Age Policy—A Case Study of Shanghai

作　　者：王艺凡 叶江 

机构地区：[1]东南大学经济管理学院,江苏 南京

出　　处：《金融》2025年第2期375-386,共12页Finance

摘　　要：基于OLG模型研究跨期消费,探究众多宏观经济指标对社保基金的影响。其中,着重研究合适的国有资本划转率和延迟退休年龄对社保基金收入的影响。由结论可知,社保基金收入与资本回报率成反比,与延迟退休年龄成正比。适当的资本回报率位于6%~8%。基于研究的结论提出建议,国有企业为了刺激消费,加大对工资以外的福利支出,同时适当地将资本增加的收益让民众可以享受,从而为社保基金持续运转提供帮助。Based on the OLG model, the intertemporal consumption is studied, and the impact of many macroeconomic indicators on the social security fund is explored. Among them, the impact of the appropriate state-owned capital transfer rate and the delayed retirement age on the income of the social security fund is emphasized. From the conclusion, it can be seen that the income of the social security fund is inversely proportional to the rate of return on capital, and directly proportional to the delayed retirement age. The appropriate rate of return on capital is located at 6%~8%. Based on the conclusions of the study, it is suggested that in order to stimulate consumption, state-owned enterprises should increase their expenditure on welfare benefits other than wages, and at the same time appropriately make the income from capital increase available to the public, so as to help the continuous operation of the social security fund.

关 键 词：社保基金 延迟退休年龄 资本回报率 

分 类 号：F842.7[经济管理—保险]