A Study on Chinese Residents' Willingness to Delay Retirement Based on Machine Learning Algorithm

Authors

  • Dongmei He
  • Hang Yi
  • Jialin Li
  • Yunquan Song

DOI:

https://doi.org/10.54097/jceim.v10i1.5071

Keywords:

Retirement intention, Data driven, Machine learning, Model fusion, Public will

Abstract

At present, the problem of population aging caused by the increase of average life expectancy continues to worsen, and thus leads to a series of problems. The implementation of a delayed retirement policy in China will affect everyone. In this paper, the data of China Health and Pension tracking survey in 2018 are used. Firstly, the optimal parameter combination of deep neural network, RF, GBDT and XGBoost are obtained by grid search algorithm to conduct single model modeling. On the basis of the above four single models, linear effects are introduced by logistic regression. By using the idea of model fusion, a new prediction model is obtained by weighted fusion learning of the above five models. The important factors affecting the public's retirement intention are found and the high precision prediction of retirement intention classification is carried out.

References

Gary S. Fields. Book Review: Income Security, Insurance, and Benefits: Retirement Income Opportunities in an Aging America: Income Levels and Adequacy[J]. Industrial & Labor Relations Review, 1983, 36 (2).

Elizabeth Weber Handwerker. Delaying Retirement to Pay for College[J]. Industrial & Labor Relations Review, 2011, 64 (5).

Gabriela Topa, Juan A.Moriano, Marco Depolo, Carlos-María Alcover, Ana Moreno. Retirement and Wealth Relationships[J]. Research on Aging 2011, 33 (5).

David Joulfaian, Kathleen McGarry. Estate and Gift Tax Incentives and Inter Vivos Giving[J]. National Tax Journal, 2004, 57 (2).

James P. Vere. Social Security and elderly labor supply: Evidence from the Health and Retirement Study[J]. Labour Economics, 2011, 18 (5).

Ben J. Heijdra, Ward E. Romp. Retirement, pensions, and ageing[J]. Journal of Public Economics, 2008, 93 (3).

Helmuth Cremer, Pierre Pestieau.The Double Dividend of Postponing Retirement[J]. International Tax and Public Finance, 2003, 10 (4).

Downloads

Published

02-02-2023

Issue

Section

Articles

How to Cite

He, D., Yi, H., Li, J., & Song, Y. (2023). A Study on Chinese Residents’ Willingness to Delay Retirement Based on Machine Learning Algorithm. Journal of Computing and Electronic Information Management, 10(1), 4-7. https://doi.org/10.54097/jceim.v10i1.5071

Similar Articles

1-10 of 122

You may also start an advanced similarity search for this article.