中文摘要：

本文在一般均衡的世代交叠模型下，以无纳税递延的基本经济体为基准，分别研究了削减政府购买和提高年轻人税率两种财政预算平衡方式下，企业年金纳税递延政策对诸如资本存量、产出、利率、工资、储蓄以及消费等经济变量产生的影响。研究结果表明，在削减政府购买的财政预算平衡方式下，企业年金纳税递延将提高资本存量和产出，提高工资并且降低利率，提高两期消费和效用水平；在提高年轻人税率的财政预算平衡方式下，企业年金纳税递延产生的经济效应恰恰相反。

英文摘要：

This paper built a general equilibrium model of overlapping generations to analyze the effects of tax-def- erred enterprise pensions on economic variables, such as capital, output, interest rate, wage, savings and consump- tions, under two different budget-balanced methods, namely cutting down on government purchases and raising the tax rate for the young. The research results are as follows, if the government chooses to reduce government purcha- sing to maintain the budgetary balance, the tax-deferred policy for enterprise pensions will increase the capital, out- put, wage, consumptions and total welfare and decrease the interest rate at the same time. While if the government chooses to increase the tax rate for the young, the effects of the tax-deferred policy for enterprise pensions will be just the opposite.