This work highlights two severe difficulties with China's current pension system: the urgent and immediate problem of the pension burden placed on state-owned enterprises; and the longer-term predicament arising from a rapidly ageing population. The study recommends a unified pension system that includes both mandatory funded individual accounts and a social insurance scheme. It also endorses a sustainable contribution rate that attaches considerable importance to long-term financial viability, and examines the risks associated with low compliance rates and low interest rates.
| ISBN: | 9780821340776 |
| Publication date: | 31st March 1998 |
| Author: | World Bank |
| Publisher: | World Bank Publications an imprint of World Bank Group Publications |
| Format: | Paperback |
| Pagination: | 89 pages |
| Series: | China 2020 Series |
| Genres: |
Microeconomics |
This work highlights two severe difficulties with China's current pension system: the urgent and immediate problem of the pension burden placed on state-owned enterprises; and the longer-term predicament arising from a rapidly ageing population. The study recommends a unified pension system that includes both mandatory funded individual accounts and a social insurance scheme.
Old Age Security features in the following genres: Microeconomics
Paperback. Not Available.
Old Age Security was written by World Bank and published by World Bank Publications an imprint of World Bank Group Publications
Old Age Security has 89 pages
Yes it is part of China 2020 Series series