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Quantitative Methods in DemographyLife Expectancy and Different Parameter Identification in Chinese Retirement Plan

Quantitative Methods in Demography: Life Expectancy and Different Parameter Identification in... [Under the current statutory retirement age of 60 for male employees, 50 for female workers and 55 for female cadres, pension annuity divisors at these ages in China is 139 months, 195 months and 170 months. However, the annuity divisors were set in 2005, which cannot meet the background of life expectancy improvement in China, which will bring natural pressure to the operation of basic pension insurance for employees. In this paper, by constructing Gompertz model, Kannisto model and the life table of the elderly over 65, the life expectancy at 65, mortality rate aged 65–79 (15q65) were calculated in China and its provinces in 2015, and the provincial spatial distribution characteristics of the elderly life expectancy were analysed.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Quantitative Methods in DemographyLife Expectancy and Different Parameter Identification in Chinese Retirement Plan

Editors: Skiadas, Christos H.; Skiadas, Charilaos

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References (5)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
ISBN
978-3-030-93004-2
Pages
473 –486
DOI
10.1007/978-3-030-93005-9_32
Publisher site
See Chapter on Publisher Site

Abstract

[Under the current statutory retirement age of 60 for male employees, 50 for female workers and 55 for female cadres, pension annuity divisors at these ages in China is 139 months, 195 months and 170 months. However, the annuity divisors were set in 2005, which cannot meet the background of life expectancy improvement in China, which will bring natural pressure to the operation of basic pension insurance for employees. In this paper, by constructing Gompertz model, Kannisto model and the life table of the elderly over 65, the life expectancy at 65, mortality rate aged 65–79 (15q65) were calculated in China and its provinces in 2015, and the provincial spatial distribution characteristics of the elderly life expectancy were analysed.]

Published: May 31, 2022

Keywords: Chinese retirement plan; Life expectancy at 65; Mortality rate ( 15 q 65 ); Spatial distribution; Annuity divisors

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