Social Security Pension Reform in China

18 Pages Posted: 4 Jul 2004 Last revised: 11 Oct 2010

See all articles by Martin S. Feldstein

Martin S. Feldstein

National Bureau of Economic Research (NBER) (deceased); Harvard University (deceased)

Date Written: November 1998

Abstract

China has legislated a mixed social security pension system with a defined benefit pay-as-you-go portion and an investment-based defined contribution portion. This paper analyses the economics of these two types of systems in the Chinese context and calculates the advantage to China of using an investment-based portion. Several options for reform of the recently legislated system are considered.

Suggested Citation

Feldstein, Martin S., Social Security Pension Reform in China (November 1998). NBER Working Paper No. w6794, Available at SSRN: https://ssrn.com/abstract=139664

Martin S. Feldstein (Contact Author)

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