NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Chinese Pension System

Hanming Fang, Jin Feng

NBER Working Paper No. 25088
Issued in September 2018

---- Acknowledgments ----

This paper is written for Handbook on Chinese Financial Markets, edited by Marlene Armstad, Guofeng Sun and Wei Xiong. We are grateful to the Editors for guidance, and for the conference participants in Shenzhen Institute of Finance for useful comments. We are responsible for the remaining errors. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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