TY  - JOUR
AU  - Feldstein,Martin
TI  - Social Security Pension Reform in China
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 6794
PY  - 1998
Y2  - November 1998
UR  - http://www.nber.org/papers/w6794
L1  - http://www.nber.org/papers/w6794.pdf
N1  - Author contact info:
Martin S. Feldstein
President Emeritus
NBER
1050 Massachusetts Avenue
Cambridge, MA  02138-5398
Tel: 617/868-3905
Fax: 617/868-7194
E-Mail: msfeldst@nber.org
AB  - 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.
ER  -