Using the Generational Accounting Method to Evaluate the Reforms of the Labor Insurance Old-Age Pension Benefit
2017
This study employs the generational accounting method to examine intergenerational
transfers when there is a reform on old-age pension benefit of the Labor Insurance in Taiwan.
We find that (1) “a decrease of payment salary level,” “a decrease of credit of yearly services,”
or both are beneficial to the younger generations; (2) “accelerating the increase of insurance
premium rate” is beneficial to the elder generations; and (3) a reform containing the
above-mentioned three approaches is beneficial to the mid-age generations.
Key words: Labor insurance, old-age pension benefit, generation accounting method,
generational account option
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