Pension reform and the development of the capital market

Author: Li Jieming
Publisher:
Publish Date: 2003-12-01
Features: This book is divided into four parts and nine chapters. The first part, Historical Perspectives, discusses the evolution of the world's pension insurance system and the history and current status of China's pension insurance system. The second part, Theoretical Perspectives, elaborates on the funding models of pension insurance, the economic effects of pension insurance systems, and the impact of incomplete capital markets on savings and investment. The third part, Empirical Perspectives, analyzes China's capital markets and the challenges of China's pension insurance reform due to incomplete capital markets. The fourth part, Policy Perspectives, draws on the experience of foreign pension insurance reforms and capital market development, pointing out that China's pension insurance reform should develop in conjunction with the capital market.
This book is suitable for faculty and students of universities and colleges majoring in economics and insurance, practitioners from social security bureaus, and economic theory researchers.