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Financial Security of Elders in China

Author

Listed:
  • Yang Cheng
  • Mark Rosenberg

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.

Suggested Citation

  • Yang Cheng & Mark Rosenberg, 2009. "Financial Security of Elders in China," Social and Economic Dimensions of an Aging Population Research Papers 241, McMaster University.
    • Handle: RePEc:mcm:sedapp:241
    as

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    File URL: http://socserv.mcmaster.ca/sedap/p/sedap241.pdf
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    References listed on IDEAS

    as
    1. Tamagno, Edward, 2005. "The Canadian Pension System," Discussion Paper 278, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    2. Robert Holzmann & Richard Hinz, 2005. "Old Age Income Support in the 21st century: An International Perspective on Pension Systems and Reform," World Bank Publications - Books, The World Bank Group, number 7336, December.
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    More about this item

    Keywords

    Financial security; elders; social welfare system; China;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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