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Pension Reform in China: Progress and Prospects

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Author Info
Felix Salditt
Peter Whiteford
Willem Adema ()
Abstract

China is currently in the process of developing the largest pension system in the world, and it is doing this at a time of unparalleled economic and demographic transition. The central government has followed a step-by-step approach to develop a system that can accommodate a rapidly aging society within a rapidly growing, but still largely underdeveloped economy. This paper analyses how far the process of creating a national old age insurance system had proceeded by the end of 2006. It provides a detailed description of this system and an assessment of to what degree it has so far achieved ?its primary goal of social security for more people? (Chinese Government, September 2006)...
La Chine est en train de mettre en place le plus grand système de retraite au monde, ceci à une époque de transition économique et démographique sans précédent. Le gouvernement central a suivi une approche graduelle pour créer un système qui puisse faire face à une société vieillissante dans une économie galopante et encore pour une bonne part sous-développée. Ce document montre jusqu'où le processus de création d'un système d'assurance national pour les personnes âgées a pu aller jusqu'à la fin de 2006. Il présente une description détaillée de ce système et évalue dans quelle mesure il a atteint au jour d'aujourd'hui « son objectif premier qui est la sécurité sociale pour plus de personnes » (Gouvernement chinois, septembre 2006)...

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Paper provided by OECD Directorate for Employment, Labour and Social Affairs in its series OECD Social Employment and Migration Working Papers with number 53.

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Date of creation: 07 Jun 2007
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Handle: RePEc:oec:elsaab:53-en

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Find related papers by JEL classification:
H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends and Forecasts
P36 - Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health, Education, Welfare, and Poverty

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