Social Pension System in China (Institutional Changes and Economic Effects)

Author: Zheng Wei
Publisher:
Publishing Time: Not Available
Features: This book focuses on the ongoing transformation of China's social pension system and constructs a dynamic life-cycle simulation model within a general equilibrium economic framework. It then conducts a quantitative analysis of the economic effects of the institutional change from five perspectives: macroeconomics, microeconomics, economic fairness, 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 funding system. This book is suitable for theoretical researchers concerned with China's pension and social security reforms, university faculty and students, government decision-making departments, industry professionals, and other interested readers.