The Politics of Economic Restructuring and Old-age Pension Reform in China

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Publisher :
ISBN 13 :
Total Pages : 266 pages
Book Rating : 4.:/5 (89 download)

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

Download or read book The Politics of Economic Restructuring and Old-age Pension Reform in China written by Jinxin Huang and published by . This book was released on 2004 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Social Cohesion in Greater China

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Publisher : World Scientific
ISBN 13 : 9814291935
Total Pages : 395 pages
Book Rating : 4.8/5 (142 download)

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Book Synopsis Social Cohesion in Greater China by : Ka-Ho Mok

Download or read book Social Cohesion in Greater China written by Ka-Ho Mok and published by World Scientific. This book was released on 2010 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction : the quest for a balanced economic growth and social development - ideas and practices promoting social cohesion in greater China / Ka Ho Mok, Ka Kuen Leung and Yeun Wen Ku -- pt. I. Concepts of social cohesion and policy response. ch. 1. Social cohesive efforts to meet youth development needs in Tin Shui Wai, Hong Kong / Sandra K. M. Tsang and Yiu Kong Chu. ch. 2. In search of harmonious society in China : a social policy response / Kinglun Ngok and Yapeng Zhu. ch. 3. Social cohesion in a divided society : lessons from Taiwan's welfare politics / Yeun Wen Ku. ch. 4. One country, two cities : a comparison of perceived cohesion in Guangzhou and Hong Kong / Simon T. M. Chan, Sammy W. S. Chiu and Marcus Y. L. Chiu -- pt. II. Social change and urban governance. ch. 5. Governing a global city in the context of political transition / Tai Lok Lui. ch. 6. Embracing the market : examining the consequences for education, housing, and health in Chinese cities / Ka Ho Mok ... [et al.]. ch. 7. Urban governance from below : a case study of Kaohsiung, Taiwan / Shiuh Shen Chien and Yeilong Wu -- pt. III. Economic well-being, urban poverty and pension reforms. ch. 8. Elderly poverty and old-age pension reform in Hong Kong : issues and prospects / Ernest Chiu and Lisanne Ko. ch. 9. Is welfare restructuring and economic development in post-1997 Hong Kong in search of a cohesive society? / Maggie Lau and Ka Ho Mok. ch. 10. Economic development and household economic well-being in urban China / Xiulan Zhang, Terry Lum and Yuebin Xu. ch. 11. The fragmentation of the old-age security system : the politics of pension reform in Taiwan / Shih Jiunn Shi.

China's Pension System

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Publisher : World Bank Publications
ISBN 13 : 0821395408
Total Pages : 265 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis China's Pension System by : Mark C. Dorfman

Download or read book China's Pension System written by Mark C. Dorfman and published by World Bank Publications. This book was released on 2013-04 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. Over the past few years, the Government has considered various options and initiated several significant measures. In 2009 the authorities established a national framework for rural pensions, the Rural Pension Pilot Program (RPPP) and in 2011 a Pilot Social Pension Insurance for Urban Residents announced. In this process, it has articulated principles for a reformed urban pension system (indicated by 12 Chinese characters ) which are “broad coverage, protects at the basic level, is multi-layered, and sustainable” while the principles for the rural system (indicated by 12 characters ) are “broad coverage, protects at the basic level, flexible, and sustainable.” These principles underpin the commitments made at the 17th Party Congress towards a comprehensive and integrated social security system by 2020. Although substantial reforms of the pension system have been undertaken over the past two decades, some policymakers have suggested that additional reforms are needed to meet the needs of China’s rapidly changing economy and society. Issues such as legacy costs, system fragmentation and limited coverage have not been fully addressed. At the same time, many new challenges have emerged such as rapid urbanization, increased income inequality and urban-rural disparities, greater informalization of the labor force, changes in family structure, and the effects of increased globalization. This report has been prepared at the request of the Ministry of Finance to develop a medium term vision of a holistic framework that could be realized by 2040 for strengthening old age income protection in China which is consistent with the principles outlined in the 12 characters and design options towards achieving it. The main body of this report outlines this vision – summarizing the key features of a proposed medium-term pension system – while the annexes provide the deeper analysis and context which underpins the recommendations contained herein.

The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply

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Publisher : International Monetary Fund
ISBN 13 : 1498304451
Total Pages : 59 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply by : Hui He

Download or read book The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply written by Hui He and published by International Monetary Fund. This book was released on 2019-03-18 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has undergone a dramatic process of rapid aging and a tremendous reduction in social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively important self-insurance channels in responding to changes in longevity risk and pension benefits, and the responses via adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the pension reform and rapid aging together contribute 55 percent of the increase in the household saving rate from 1995 to 2009, and they jointly capture about 64 percent of the drastic increase in the labor supply for the same period.

The Heart of Economic Reform

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Publisher : Routledge
ISBN 13 : 1351738380
Total Pages : 218 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis The Heart of Economic Reform by : Donald Daochi Tong

Download or read book The Heart of Economic Reform written by Donald Daochi Tong and published by Routledge. This book was released on 2017-11-22 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2002.Banking reform lies at the heart of economic reform in China and is central to sustaining the countries high economic growth. This timely book covers an important economic policy issue in China, namely the existing and potential roles of the financial sector in the development of the Chinese economy. It explores for the first time the relationship between the reforms of the financial sector, of state-owned enterprises (SOEs) and of the social welfare system. Donald D. Tong presents a wealth of valuable data accompanied by original insights and interpretations. The author also examines the original estimates of the cost of the social welfare burden given that social services such as old age pension, housing, healthcare and education are provided by the SOEs rather than by the private or public sector directly.

Pension Reform in China

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (93 download)

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Book Synopsis Pension Reform in China by :

Download or read book Pension Reform in China written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pension Reform in China

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Pension Reform in China by : Steven Vincent Dunaway

Download or read book Pension Reform in China written by Steven Vincent Dunaway and published by International Monetary Fund. This book was released on 2007-05 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

From Status-Based Privilege to Old Age Security

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis From Status-Based Privilege to Old Age Security by : Qian Hao

Download or read book From Status-Based Privilege to Old Age Security written by Qian Hao and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension reform poses a formidable challenge to China's development and has become a topic of intensive debate in recent years. Nonetheless, various reform measures based on legislations adopted since the 1980s have largely failed to be implemented, including the 1997 three-pillar pension plan. While the current debate on pension reform in China centers on how to address the financial crisis of the public pension system, this article argues that widening pension deficit has been only a symptom rather than the root cause of the reform stalemate. China's old socialist pension benefits were developed as a status-based privilege rather than provision of old age economic security. As China transits from a centrally planned economy to a market economy, the old pension system has increasingly become inadequate and inequitable. The remaining socialist pension obligations are incompatible with the emerging market, and the majority of the population is exposed to market risks without protection in retirement. However, those structural challenges have not been successfully addressed by deficit-driven reform plans or short-sighted measures that focus on having current workers pay for the heavy cost of pensions for retirees under the previous system. The right reform strategy will require that efforts be redirected towards addressing the fundamental transition issues.

Aging in Asia

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Publisher : National Academies Press
ISBN 13 : 0309254094
Total Pages : 486 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Aging in Asia by : National Research Council

Download or read book Aging in Asia written by National Research Council and published by National Academies Press. This book was released on 2012-07-31 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: The population of Asia is growing both larger and older. Demographically the most important continent on the world, Asia's population, currently estimated to be 4.2 billion, is expected to increase to about 5.9 billion by 2050. Rapid declines in fertility, together with rising life expectancy, are altering the age structure of the population so that in 2050, for the first time in history, there will be roughly as many people in Asia over the age of 65 as under the age of 15. It is against this backdrop that the Division of Behavioral and Social Research at the U.S. National Institute on Aging (NIA) asked the National Research Council (NRC), through the Committee on Population, to undertake a project on advancing behavioral and social research on aging in Asia. Aging in Asia: Findings from New and Emerging Data Initiatives is a peer-reviewed collection of papers from China, India, Indonesia, Japan, and Thailand that were presented at two conferences organized in conjunction with the Chinese Academy of Sciences, Indian National Science Academy, Indonesian Academy of Sciences, and Science Council of Japan; the first conference was hosted by the Chinese Academy of Social Sciences in Beijing, and the second conference was hosted by the Indian National Science Academy in New Delhi. The papers in the volume highlight the contributions from new and emerging data initiatives in the region and cover subject areas such as economic growth, labor markets, and consumption; family roles and responsibilities; and labor markets and consumption.

Assessing Chile's Pension System: Challenges and Reform Options

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Publisher : International Monetary Fund
ISBN 13 : 151359611X
Total Pages : 52 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Assessing Chile's Pension System: Challenges and Reform Options by : Samuel Pienknagura

Download or read book Assessing Chile's Pension System: Challenges and Reform Options written by Samuel Pienknagura and published by International Monetary Fund. This book was released on 2021-09-10 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.

Ageing in East Asia

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Publisher : Routledge
ISBN 13 : 113405128X
Total Pages : 201 pages
Book Rating : 4.1/5 (34 download)

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Book Synopsis Ageing in East Asia by : Tsung-hsi Fu

Download or read book Ageing in East Asia written by Tsung-hsi Fu and published by Routledge. This book was released on 2009-02-13 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the causes and trends of population ageing in East Asia and discusses the challenges and impacts of population ageing on public policies.

Handbook of Welfare in China

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Publisher : Edward Elgar Publishing
ISBN 13 : 178347274X
Total Pages : 459 pages
Book Rating : 4.7/5 (834 download)

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Book Synopsis Handbook of Welfare in China by : B. Carrillo

Download or read book Handbook of Welfare in China written by B. Carrillo and published by Edward Elgar Publishing. This book was released on 2017-07-28 with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook is a timely compilation dedicated to exploring a rare diversity of perspectives and content on the development, successes, reforms and challenges within China’s contemporary welfare system. It showcases an extensive introduction and 20 original chapters by leading and emerging area specialists who explore a century of welfare provision from the Nationalist era, up to and concentrating on economic reform and marketisation (1978 to the present). Organised around five key concerns (social security and welfare; emerging issues and actors; gaps; future challenges) chapters draw on original case-based research from diverse disciplines and perspectives, engage existing literature and further key debates.

China in Search of a Harmonious Society

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Publisher : Lexington Books
ISBN 13 : 0739130420
Total Pages : 273 pages
Book Rating : 4.7/5 (391 download)

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Book Synopsis China in Search of a Harmonious Society by : Guo And Guo

Download or read book China in Search of a Harmonious Society written by Guo And Guo and published by Lexington Books. This book was released on 2008-08-15 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The problems of corruption, social injustice, public unrest, disparity in income and regional development, shortage of energy and resources, unemployment, aging population, inadequate social and economic safety network, pollution, etc., are poised to jeopardize political stability and cast a shadow on the moral foundation of economic reform. How to cope with these new problems is a daunting task facing the Chinese leadership and people in the twenty-first century. The new generation of leadership under Hu Jintao has begun to search for solutions and directions. 'Building a harmonious society' based on a 'scientific view of development' has become a new catch phrase in political and academic discourse in China and a newly adopted program by the Chinese government. It is in this context that this edited volume brings together a group of China scholars to discuss the concept and goal of building a harmonious society. This book will be of interest to professors and students of China studies, as well as policy makers and researchers.

Old Age Security

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Publisher : World Bank Publications
ISBN 13 : 9780821340776
Total Pages : 104 pages
Book Rating : 4.3/5 (47 download)

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Book Synopsis Old Age Security by : Ramgopal Agarwala

Download or read book Old Age Security written by Ramgopal Agarwala and published by World Bank Publications. This book was released on 1997-01-01 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Capitalizing China

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Publisher : University of Chicago Press
ISBN 13 : 0226237249
Total Pages : 401 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis Capitalizing China by : Joseph P. H. Fan

Download or read book Capitalizing China written by Joseph P. H. Fan and published by University of Chicago Press. This book was released on 2013 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: La 4e de couverture indique : "Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement of all senior personnel in all regulatory agencies, all state-owned enterprises (SOEs), and virtually all major financial institutions state-owned enterprises (SOEs), and senior Party positions in all but the smallest non-SOE enterprises, retains sole possession of Lenin's Commanding Heights. The chapters in this volume examine China's high savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries."

International Handbook of Population Aging

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Publisher : Springer Science & Business Media
ISBN 13 : 1402083564
Total Pages : 758 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis International Handbook of Population Aging by : Peter Uhlenberg

Download or read book International Handbook of Population Aging written by Peter Uhlenberg and published by Springer Science & Business Media. This book was released on 2009-04-29 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Handbook of Population Aging examines research on a wide array of the profound implications of population aging. It demonstrates how the world is changing through population aging, and how demography is changing in response to it.

China's Economy

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Publisher : John Wiley & Sons
ISBN 13 : 1118982479
Total Pages : 208 pages
Book Rating : 4.1/5 (189 download)

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Book Synopsis China's Economy by : Iris Claus

Download or read book China's Economy written by Iris Claus and published by John Wiley & Sons. This book was released on 2015-02-16 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of critical surveys provides readers with a range of up-to-date work from leading scholars in the area, writing on some of the key issues facing China, as they survey the present and future challenges of the Chinese economy Nine papers provide detailed discussion on key aspects of the past, present and future of the Chinese economy Leaders in their relevant fields of scholarship tackle some of the critical issues facing China Contributors identify common themes, including the household registration system, urbanization, demographic transition, inequality and the sustainability of economic growth Articles provide a critical review of the literature and discuss policy implications and areas for future research