Social Pension System in China: Institutional Changes and Economic Effects

Author: Zheng Wei
Publisher:
Publish Date: 2005-07-01
Features: This book focuses on the ongoing transformation of China's social pension insurance system. Under a general equilibrium economic framework, it constructs a dynamic life-cycle simulation model. Then, it conducts a quantitative analysis of the economic effects of the institutional change from five perspectives: macroeconomics, microeconomics, economic equity, and transition costs. The book discusses the sensitivity of the economic effects to certain parameter estimates and examines the specific transition path from a pay-as-you-go system to a partial accumulation system. This book is suitable for theoretical researchers concerned with China's pension insurance and social security reforms, university teachers and students, government decision-making departments, industry professionals, and other interested readers.