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Assessment for Social Security Pilot in Jilin and Hei Longjiang of China1

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  • Bingwen Zheng

Abstract

The present paper reviews the social security pilot in Jilin and Hei Longjiang that was carried out between 2004 and 2005. The pilot in the two provinces has basically achieved its main objectives, but there are still some unsolved problems, the most severe being lack of effective investment of the funds accumulated by individual accounts. During periods of high economic growth and high growth in average wages, this problem might undermine the partially‐funded security system. To this end, the paper makes some suggestions, one of which is to introduce the notional defined contribution system. (Edited by Zhinan Zhang)

Suggested Citation

  • Bingwen Zheng, 2006. "Assessment for Social Security Pilot in Jilin and Hei Longjiang of China1," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 14(5), pages 65-77, September.
    • Handle: RePEc:bla:chinae:v:14:y:2006:i:5:p:65-77
    DOI: 10.1111/j.1749-124X.2006.00040.x
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    References listed on IDEAS

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    1. Zhang, Zhaoyong, 2003. "Can the rest of East Asia catch up with Japan: some empirical evidence," Japan and the World Economy, Elsevier, vol. 15(1), pages 91-110, January.
    2. Robert Holzmann & Edward Palmer, 2006. "Pension Reform : Issues and Prospects for Non-Financial Defined Contribution Schemes," World Bank Publications - Books, The World Bank Group, number 6983, December.
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