Social Security Pension Reform in ChinaMartin Feldstein
NBER Working Paper No. 6794 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.
The NBER Bulletin on Aging and Health provides summaries of publications like this.
You can sign up to receive the NBER Bulletin on Aging and Health by email. Published: Feldstein, Martin. "Social Security Pension Reform In China," China Economic Review, 1999, v10(2,Jun), 99-107. This paper is available as PDF (63 K) or via email.
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