Abstract

http://ssrn.com/abstract=2230246
 
 

Footnotes (1)



 


 



Pension Reform in China: Meeting the Challenges Posed by Societal Aging


C. H. Kwan


Nomura Institute of Capital Markets Research

2013

Nomura Journal of Capital Markets, Vol. 4, No. 3, 2013

Abstract:     
China's public pension system now consists of an urban social pension scheme and a new rural social pension scheme, both pilots, in addition to the existing urban workers' basic pension, public service workers' pension, and rural pension schemes. Nevertheless, there are still many unresolved issues and considerable scope for improvement. First, coverage is still low. Second, there exists wide discrepancy in benefit levels between the different pension schemes. Third, there is a lack of pension portability as a result of the fact that each urban area tends to administer its own pension scheme. Finally, as societal aging accelerates and people live longer, the number of those in work and making contributions will decline while the number retired and receiving payments will increase, making it increasingly difficult to finance pension schemes.

Number of Pages in PDF File: 4

Keywords: pension, aging society

JEL Classification: H55

Accepted Paper Series


Download This Paper

Date posted: March 10, 2013 ; Last revised: February 25, 2014

Suggested Citation

Kwan, C. H., Pension Reform in China: Meeting the Challenges Posed by Societal Aging (2013). Nomura Journal of Capital Markets, Vol. 4, No. 3, 2013. Available at SSRN: http://ssrn.com/abstract=2230246

Contact Information

C.H. Kwan (Contact Author)
Nomura Institute of Capital Markets Research ( email )
Urbannet Otemachi Building
2-2-2, Otemachi, Chiyoda-ku
Tokyo, 100-8130
Japan
Feedback to SSRN


Paper statistics
Abstract Views: 226
Downloads: 54
Download Rank: 222,101
Footnotes:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.250 seconds