The Analysis on Transfer Rate of Public Capital Income to Pension Fund
构建理论框架研究公共资本收入向社会保障基金转移的比例，通过一般均衡模型发现最优转移比例可由复制社会计划均衡与竞争均衡来确定，对中国社保体系运作有参考价值。
This paper tries to build up a theoretical framework to study the relationship among public capital in- come,social security fund and social welfare efficiency improvement.The transfer rate in the paper is defined as the proportion of public capital income that is transferred into social security fund.Through the analysis is based on a general equilibrium model developed by Diamond(1965)and Abel(1999),it is found that the op- timal transfer rate of public capital income to social security fund can be determined by the replication of the so- cial planned equilibrium with the competition equilibrium.The conclusion is greatly helpful for the operation of China's social security system in the future.