Public Pension Reforms In China

Author : Xinxin Ma
Publisher : Unknown
Page : 0 pages
File Size : 42,9 Mb
Release : 2023
Category : Electronic
ISBN : 9811999988

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Public Pension Reforms in China by Xinxin Ma Pdf

This book focuses on the public pension reform in China from both institutional and empirical studies perspectives. It introduces the process of the public pension reform in China and investigates its effects on households and firms' behaviors and individuals' well-being. It provides the reader with rich academic evidence for understanding the transformation of public pension and its effect on the household consumption, participating in risky financial market, and firms' decision making on wage and employment, as well as individuals' well-being. The main content of this book comprises three parts: (i) institutional transitions and issues on public pensions in China; (ii) the impact of public pensions on households or firms' behaviors in China; and (iii) the impact of public pensions on well-being in China. This book provides rich academic evidence about these issues based on economic theories and econometric methods using many kinds of Chinese nationwide representative survey data. This book is highly recommended to readers who are interested in up-to-date and in-depth empirical studies on the issues of public pension reform, and its impact on individuals, households, and firms' behaviors as well as well-being in China. This book is of interest to those who are interested in the Chinese economy, social security policymakers, and scholars with an econometric analysis background.

Author : Ke Meng
Publisher : Routledge
Page : 263 pages
File Size : 45,6 Mb
Release : 2018-09-03
Category : Business & Economics
ISBN : 9781351061643

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China's Pension Reforms by Ke Meng Pdf

Existing literature has looked at many factors which have shaped Chinese pension reforms. As China’s pension reform proceeds in an expanding and localising fashion, this book argues that there is a pressing need to examine it in the context of China’s political institutions and economic transformations. The book takes a unique approach by looking at political institutions of the Chinese state and the changing conditions of the Chinese economy, which rarely receive proper treatment in the current analysis of China’s pension reforms.

Author : Randong Yuan
Publisher : Taylor & Francis
Page : 141 pages
File Size : 44,8 Mb
Release : 2021-11-29
Category : Science
ISBN : 9781000483444

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Pension Sustainability in China by Randong Yuan Pdf

Pension Sustainability in China: Fragmented Administration and Population Aging aims to investigate the impact of fragmentation and population ageing on pension sustainability in China. The book demonstrates how pension sustainability is compromised by various adverse effects produced by fragmentation, such as the moral hazard caused by the disarticulated intergovernmental fiscal responsibility. An overlapping generations (OLG) model is updated with the latest demographic data and is used to assess the impact of population ageing on pension sustainability. The book considers whether adjustment in retirement age can ensure long-term financial sustainability. It explores how, compared to the population ageing, the issues stemming from the fragmentation pose a more insidious threat to pension sustainability in China.

Author : Loraine A. West
Publisher : Unknown
Page : 54 pages
File Size : 48,6 Mb
Release : 1996
Category : Old age pensions
ISBN : CORNELL:31924078662024

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Pension Reform in China by Loraine A. West Pdf

Author : Jinxin Huang
Publisher : Unknown
Page : 266 pages
File Size : 47,6 Mb
Release : 2004
Category : Electronic
ISBN : WISC:89087632279

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The Politics of Economic Restructuring and Old-age Pension Reform in China by Jinxin Huang Pdf

Author : Steven Vincent Dunaway,Vivek B. Arora
Publisher : International Monetary Fund
Page : 22 pages
File Size : 54,7 Mb
Release : 2007-05
Category : Business & Economics
ISBN : UCSD:31822034349399

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Pension Reform in China by Steven Vincent Dunaway,Vivek B. Arora Pdf

The rapid aging of China's population over the next few decades makes it important for a new pension system with broad and adequate coverage to be put in place quickly. Pension reforms, first initiated in 1997, have become bogged down in difficulties over dealing with the "legacy costs" associated with the relatively more generous benefits provided under the old system. This paper argues that a way forward is to separate the legacy problem from the problem of setting up a new pension system, and it suggests concrete proposals for setting up such a new system which would cover both urban and rural workers.

Author : Ramgopal Agarwala
Publisher : World Bank Publications
Page : 104 pages
File Size : 45,5 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 0821340778

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Old Age Security by Ramgopal Agarwala Pdf

The seventh edition of this annual report reviews the long-term prospects for developing countries in light of changes in the global environment and provides a detailed discussion of selected aspects of the global integration process in those countries. The first chapter evaluates prospects for the major elements of the external environment affecting developing countries and the medium-to-long-term outlook for developing countries themselves. The report forecasts that the external environment for developing countries remains broadly favorable. Among the main policy challenges faced by these countries is their ability to adapt to long-run shifts in market opportunities and heightened competitive pressures brought on by global trade liberalization--now increasingly focused on liberalization of trade in services--rising global production, and other forms of global integration. The chapter considers the implications for the world economy of rapid growth and integration in large developing countries such as China, India, and Brazil in the period to 2020. The second chapter looks at the move toward greater globalization of production, broadly defined as cross-border production by multinational enterprises and their networks of affiliates, subcontractors, and other partners. Within this context, the chapter addresses the significance of global production in world output in main groups of countries and economic sectors; factors driving the trend toward global production, including heightened competition, worldwide policy liberalization, and rapid technological progress; the benefits that developing countries can derive from global production, such as new technologies and improved efficiency practices; and the issues for policymakers seeking to enhance participation in global production and maximize its benefits for host countries.

Author : Mark C. Dorfman,Robert Holzmann,Philip O'Keefe,Dewen Wang,Yvonne Sin,Richard Hinz
Publisher : World Bank Publications
Page : 264 pages
File Size : 54,8 Mb
Release : 2013-03-08
Category : Political Science
ISBN : 9780821395417

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China's Pension System by Mark C. Dorfman,Robert Holzmann,Philip O'Keefe,Dewen Wang,Yvonne Sin,Richard Hinz Pdf

Comprehensive reform of China s pension and social security system is an essential element of achieving its objectives of a harmonious society and sustainable development.

Author : Yan Wang
Publisher : LSE Press
Page : 283 pages
File Size : 52,6 Mb
Release : 2022-10-27
Category : Political Science
ISBN : 9781909890893

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Pension Policy and Governmentality in China by Yan Wang Pdf

Rapid economic growth is often a disruptive social process threatening the social relations and ideologies of incumbent regimes. Yet far from acting defensively, the Chinese Communist Party has lead a major social and economic transformation over forty years, without yet encountering fundamental challenges subverting its rule. A key question for political sociology is thus - how have the logics of China’s governmentality been able to help maintain compliance from the governed while acting so radically to advance the state’s growth priorities? This book explores the issue by analysing the detailed trajectories, rationale, and effects of China’s pension reforms. It uses strong methods, including institutional analysis of resource allocation in the multiple pension schemes and programmes, and quantitative text analysis of the knowledge construction in official discourse along with the reforms. Causal identification estimates the effects of key policy instruments on public opinion about pension responsibility and political trust. Moving beyond the pension issues, the analysis discusses with qualitative evidence why falsified compliance might exist in China’s society and the mechanisms that may lie behind it. Where active counter-conduct (such as resistance) is confined, individuals may choose cognitive rebellion and falsify their public compliance. The Chinese state’s strategy to generate public compliance is hybrid, organic, and dynamic. The state rules society by its customised governance design and constant adjustments. Public compliance is not only acquired through ‘buying off’ the public with governmental performance and transfer benefits, but is also manufactured through achieving cultural changes and new ideological foundations for general legitimation.

Author : Jason Z. Yin,Shuanglin Lin,David F. Gates
Publisher : World Scientific
Page : 512 pages
File Size : 46,5 Mb
Release : 2000
Category : Political Science
ISBN : 9810241046

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Social Security Reform by Jason Z. Yin,Shuanglin Lin,David F. Gates Pdf

This is the first-ever book to provide a comprehensive analysis of Chinese social security reforms with a variety of views. It addresses issues such as what kind of social security system China should establish, how this system should be managed and financed, and how the transition from the old system to the new system can best be accomplished. The authors of the papers in this book include internationally renowned Chinese and Western social security experts (such as Martin Feldstein and Henry Aaron), Chinese policy makers, and scholars who have worked on Chinese social security for years.

Author : Mark W. Frazier
Publisher : Cornell University Press
Page : 225 pages
File Size : 52,6 Mb
Release : 2011-03-15
Category : Political Science
ISBN : 9780801457364

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Socialist Insecurity by Mark W. Frazier Pdf

Over the past two decades, China has rapidly increased its spending on its public pension programs, to the point that pension funding is one of the government's largest expenditures. Despite this, only about fifty million citizens—one-third of the country's population above the age of sixty—receive pensions. Combined with the growing and increasingly violent unrest over inequalities brought about by China's reform model, the escalating costs of an aging society have brought the Chinese political leadership to a critical juncture in its economic and social policies. In Socialist Insecurity, Mark W. Frazier explores pension policy in the People's Republic of China, arguing that the government's push to expand pension and health insurance coverage to urban residents and rural migrants has not reduced, but rather reproduced, economic inequalities. He explains this apparent paradox by analyzing the decisions of the political actors responsible for pension reform: urban officials and state-owned enterprise managers. Frazier shows that China's highly decentralized pension administration both encourages the "grabbing hand" of local officials to collect large amounts of pension and other social insurance revenue and compels redistribution of these revenues to urban pensioners, a crucial political constituency. More broadly, Socialist Insecurity shows that the inequalities of welfare policy put China in the same quandary as other large uneven developers—countries that have succeeded in achieving rapid growth but with growing economic inequalities. While most explanations of the formation and expansion of welfare states are derived from experience in today's mature welfare systems, developing countries such as China, Frazier argues, provide new terrain to explore how welfare programs evolve, who drives the process, and who sees the greatest benefit.

Author : Yu-Wei Hu,Gregorio Impavido,Xiaohong Li
Publisher : International Monetary Fund
Page : 52 pages
File Size : 41,9 Mb
Release : 2009-11-01
Category : Business & Economics
ISBN : 9781451873931

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Governance and Fund Management in the Chinese Pension System by Yu-Wei Hu,Gregorio Impavido,Xiaohong Li Pdf

The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system and across provinces. This paper describes the key components of the system, highlights the progress made to date and identifies remaining weaknesses, in regard to information disclosure, the governance framework and pension fund management standards.

Author : Jun Peng,Qiushi Wang
Publisher : Taylor & Francis
Page : 108 pages
File Size : 44,7 Mb
Release : 2024-03-25
Category : Political Science
ISBN : 9781040026922

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China’s Pension System by Jun Peng,Qiushi Wang Pdf

Since 1978, when China started remaking its economy, it has also embarked on an unparalleled effort at remaking its pension system to accommodate its hybrid economic model. This book tells the story of how China has managed to build a national pension system that now covers most of its population and what this system holds for its future. This book covers the following topics: evolution of Chinese pension system to its current form; benefit design, financing, and governance of current pension system; challenges facing the pension system, especially the looming funding shortage due to accelerating population ageing; solutions to the challenges; and lessons learned from the Chinese experience. Due to the fragmentation of pension system among 31 mainland provinces, we also select three provinces as case studies to help readers gain a richer understanding of how economic and geographic diversity has created disparity in pension benefit design and financing between provinces and within a province and how such disparity adds complexity and challenges to the pension system. This timely and important study provides up-to-date and in-depth analyses for policymakers and stakeholders to make informed decisions and will be relevant for all scholars and students of public administration and public policy studies.

Author : Steven Dunaway
Publisher : Unknown
Page : 17 pages
File Size : 55,7 Mb
Release : 2010
Category : Electronic
ISBN : OCLC:1290813641

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Pension Reform in China by Steven Dunaway Pdf

The rapid aging of China's population over the next few decades makes it important for a new pension system with broad and adequate coverage to be put in place quickly. Pension reforms, first initiated in 1997, have become bogged down in difficulties over dealing with the quot;legacy costsquot; associated with the relatively more generous benefits provided under the old system. This paper argues that a way forward is to separate the legacy problem from the problem of setting up a new pension system, and it suggests concrete proposals for setting up such a new system which would cover both urban and rural workers.

Author : Catherine Jones Finer
Publisher : Routledge
Page : 274 pages
File Size : 49,5 Mb
Release : 2017-11-01
Category : Political Science
ISBN : 9781351761420

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Social Policy Reform in China by Catherine Jones Finer Pdf

This title was first published in 2003.The People’s Republic of China (PRC) is a timely example of social policy reform in a socialist market economy. This important and topical edited collection brings together leading Chinese and Western experts to introduce and integrate policy issues of the PRC into the mainstream of cross-national social policy debate. Drawing upon comparativist expertise in relevant aspects of social policy, the book explores the ways in which the PRC has or has not taken lessons from abroad in key social policy respects and illustrates policy-relevant relations between Chinese and Western perspectives. The contributors identify those aspects of China’s recent social policy reforms that seem the most and least likely to appeal to Western societies. The collection therefore represents a substantial advance in two-way, East-West lesson learning in social and public policy.