Population Aging,Optimization of Fiscal Pension Expenditure Structure and Stimulation of Potential Consumption
Based on the concept of financial pension and the principle of balanced distribution of overlapping generations,the limited boundary of fiscal pension expenditure and the optimal econometric model of fiscal pension are constructed to explore the linkage effect of population aging,the optimization of the structure of fiscal pension expenditure and the stimulation of potential consumption,as well as the choice of fiscal pension policy.The results show that:(1)The limited boundary coefficient of fiscal pension expenditure from 2000 to 2010 was 1.69%,and increased to 2.79%from 2010 to 2020.(2)In 2035,the fiscal pension expenditure coefficient will reach 7.37%,which will exceed the limited boundary by 1.30 percentage points,and there is room for further optimization of the fiscal pension expenditure structure.(3)By 2035,the contribution coefficient of total factor productivity improvement to fiscal pension expenditure will be 1.70%,which has the effect of promoting the optimization of fiscal pension expenditure structure.(4)By 2035,the coefficient of fiscal pension expenditure to stimulate potential consumption will be about 3.96%to 4.81%,and fiscal pension expenditure will have the effect of stimulating potential consumption.
Population AgingOptimization of Fiscal Pension Expenditure StructurePotential Consumption