The New Fertility Policy and the Actuarial Balance of China Urban Employee Basic Endowment Insurance Fund Based on Stochastic Mortality Model

Table 1

Population composition, fertility rate, and fertility pattern by age group and gender in 2015.

Age	Average proportion of childbearing women (%)	Births proportion (%)	Fertility rate of childbearing women (‰)	Fertility rate 1st birth (‰)	Fertility rate of 2nd birth (‰)	Fertility rate of 3rd birth and above (‰)
15–19	10.18	3.03	9.19	7.99	1.12	0.08
20–24	13.54	24.05	54.96	40.17	13.39	1.41
25–29	16.89	40.59	74.31	41.55	28.80	3.96
30–34	13.62	19.95	45.31	14.98	25.42	4.91
35–39	13.19	7.93	18.60	4.63	10.96	3.01
40–44	16.14	2.80	5.37	1.85	2.45	1.07
45–49	16.44	1.65	3.11	1.25	1.23	0.63
Total	100	100	30.93	16.43	12.30	2.21

Source: the authors performed calculation based on the data released by National Bureau of Statistics, http://data.stats.gov.cn/easyquery.htm?cn=C01.