Pension Reform in China: Racing Against the Demographic Clock | E-Axes

Not a member yet? Click here.
Forgot your Password?
Archives - Categories
On Inequality
On the Eurozone Debt Crisis
On Monetary Policy and Central Banking
On Global Economic Growth
On the Greek Debt Crisis
On the Banking and Financial Sectors
On Brexit
On China
On India
On Global Inflation
On Currencies
On the US Debt
On the "Economics" of the Arab Spring
Working Papers
Books suggested by members

Pension Reform in China: Racing Against the Demographic Clock


China is experiencing rapid ageing as a result of declines in fertility combined with significant increases in longevity. According to current UN projections, more than a quarter of the population will be over 65 years old by 2050, and the old-age dependency ratio is expected to triple to almost 40 per cent. In recent years, the Chinese government has introduced a number of initiatives to reform the pension system in an attempt to address the issues of profound population aging, social disparity and regional imbalance. However significant issues remain relating to uneven coverage, fragmentation, financing, investment strategy and legacy costs. As well, China faces broader economy-wide challenges due to rapid urbanisation, changes in family structure and globalisation. Using data from the China Household Finance Survey – a new nationally representative survey of 8,438 households we critically assess the Chinese pension system using both individual and economy-wide criteria. We advocate that the key to sustainable reform will be the establishment of a regulatory framework with well-defined governance structures for both publicly and privately managed pension assets.

To download the PDF version of the working paper click here.

© 2011–2017 e-axes. All rights reserved. | Credits | Contact Us | Privacy Statement | Tue 16 Jan, 2018 11:23:05 AM
e-axes is proudly powered by Norder - Creative Solutions