A long-term care insurance model construction method based on multiple accounts and budget constraints
A construction method and multi-account technology, applied in the field of data processing, can solve the problems of inconvenience, low maintenance ratio, separation of public pension accounts and long-term care insurance accounts, etc., to achieve the effect of comprehensive consideration and increase of fund security
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Embodiment 2
[0097] Embodiment 2. Before using the model of the present invention, each index needs to be defined. The specific contents that need to be defined include: clarifying the population structure and defining the representative family members.
[0098]First, demographic assumptions are made using moderate variance values for fertility and mortality. Since all parameter values for total population and survival are calculated using actual and expected data, the demographics in the model can capture figure 1 Actual and projected demographics shown.
[0099] Secondly, calculate the representative family members according to the above steps, including the composition of the representative family members, according to figure 2 The key parameters in calculate the life expectancy utility of the family members, calculate the budget constraint of the representative family members, and calculate the total labor supply of the representative family members.
[0100] Finally, the endoge...
Embodiment 3
[0101] Embodiment 3. First, it is determined that the endogenous economic growth rate in the model is close to the economic growth rate target value given by EFPMLA (2016) by giving the technological progress value (Ωt) externally.
[0102] Second, endogenously calculate the fixed contribution amount of the first group (age 65 and above) and the contribution rate of the second group (age 40-64), balancing the budget of the long-term care insurance (LTCI) account.
[0103] image 3 Gross domestic product for government spending is shown. Assume that the consumption tax rate is calculated endogenously after 2019, and all other tax rates are given exogenously, such as figure 2 As shown, calculate the general account constraint budget.
[0104] Figure 4 Actual past trends and future values given in the numerical analysis below are shown. Compute public pension account constraints using contribution and replacement rates as policy tools.
[0105] Finally, follow Figure 5...
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