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Financial Security of Elders in China

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  • Yang Cheng
  • Mark Rosenberg
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    Abstract

    China is one of the largest countries in the world in terms of both geography and population size, with lower economic levels compared to the developed countries, and great regional differences. This paper introduces the rapid demographic changes of the Chinese population and the current financial security of elders in China. The World Bank’s multi-pillar model is used to explain the financial security of elders in China, which includes the current pension and health care systems in urban and rural areas in China respectively. The important issues of financial security of elders which the Chinese government should address in the near future are also discussed. The paper concludes with a consideration of the results of social welfare system reforms by the Chinese government and future research interests from a geographer’s perspective.

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    File URL: http://socserv.mcmaster.ca/sedap/p/sedap241.pdf
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    Bibliographic Info

    Paper provided by McMaster University in its series Social and Economic Dimensions of an Aging Population Research Papers with number 241.

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    Length: 28 pages
    Date of creation: Jan 2009
    Date of revision:
    Handle: RePEc:mcm:sedapp:241

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    Keywords: Financial security; elders; social welfare system; China;

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    1. Tamagno, Edward, 2005. "The Canadian Pension System," Discussion Paper 278, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
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