Citation
Cai, Yong & Cheng, Yuan (2014). Pension Reform in China: Challenges and Opportunities. Journal of Economic Surveys, 28(4), 636-651.Abstract
China's current segmented pension system features regional imbalance, fiscal inefficiency, social inequality and economic unsustainability. It is a result of three-decade evolution guided by vague long-term objectives, constrained by economic and political circumstances and swayed by interest-group infighting. Expecting rapid population ageing and economic transformation, China aims to establish a national pension system that provides ‘wide coverage, basic security, multi-level options and sustainability’ by 2020. The paper reviews the history of China's pension system, examines proposed reform options and discusses the challenges and opportunities faced by the reform.URL
http://dx.doi.org/10.1111/joes.12082Reference Type
Journal ArticleYear Published
2014Journal Title
Journal of Economic SurveysAuthor(s)
Cai, YongCheng, Yuan