Social Security Reforms in Aging Economy
Journal Title: International Journal of Humanities and Social Sciences - Year 2017, Vol 6, Issue 3
Abstract
It has been a fervently discussed that the government may not be able to collect enough tax revenue to finance its enlarging welfare expenditure arising from the demand of increasing elders in an aging economy and the current pay-as-you-go pension system may also encounter deficiency problem in the future. This paper investigates the impacts of population aging in Taiwan and analyzes the effects of social security reforms with multi-period overlapping generation (OLG) model. The simulation results indicate that population aging may not necessarily leads to a reduction in GDP, as long as the economy maintains a constant stream of technological progress. Three social security reform programs proposed in this paper, two on national health insurance (NHI) and one joint reform on pension and NHI, indicate that proper reforms improve financial soundness of the social security system. Moreover, the joint reform program has a more prominent effect on the improvement of the sustainability of the NHI program and government budget stance.
Authors and Affiliations
NAI-WEN CHANG, YUAN-HO HSU
Keywords
Related Articles
- EP ID EP251383
- DOI -
- Views 142
- Downloads 0
Reconstruction of Health Law about the Authority of Practices self based on Justice Value
Independent Tocologist Practices ( PMB ) that carry out health services to the public are still found many who violate the rules and regulations, namely Tocologists who do not have permission, facilities and infrastructu...
Mundane Beauty: Female Fashion of Costumes Addressing Drapes and Folds as Fashion Devices Used in Female Costumes During 16th Century in Sri Lanka
Costumes have always been a distinctive mark of a historical period. Besides, wearing costumes in a pleasing manner is a skill of great antiquity and it was well developed since the development of creative impulses of pe...
Rural Growth Center Identification using Index Method: A Study on Rangpur Union, Dumuriaupazila, Bangladesh
Rural Center can be compared with the Central Business District (CBD) of the arena. The rural Center performs as Center of economic, social and cultural activities in the rural areas. These are the venues where people ex...
Performance Posture Correlation: A Study in the Womens Water Polo
Purpose This study analyzed the postural aspect of 14 professional female water polo athletes. There are no studies in the literature dealing with this aspect in water polo. Usually athletes perform exercises to compensa...
UNSTRUCTURED CLOTHES - NO CUT, NO SEW: SUSTAINABLE DRESS PRACTICES OF SRI LANKA
Unstructured draped clothes with their vast range of possibilities provide a considerable opportunity for societal sustainability for the waste oriented fashion industry. The intention of sustainable design is to elimina...