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Social Security Reform In China: The Case Of Old‐Age Insurance

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  • SHUNFENG SONG
  • GEORGE S‐F CHU

Abstract

The social security system in the People's Republic of China is experiencing dramatic changes. This paper examines the characteristics of the pre‐reform social security system in the People's Republic of China with respect to the old‐age insurance, discusses and comments on the recent efforts towards old‐age insurance reform, and proposes recommendations for the current reform, such as raising the official retirement ages, changing funding system, and investing pension funds to appreciate their values.

Suggested Citation

  • Shunfeng Song & George S‐F Chu, 1997. "Social Security Reform In China: The Case Of Old‐Age Insurance," Contemporary Economic Policy, Western Economic Association International, vol. 15(2), pages 85-93, April.
    • Handle: RePEc:bla:coecpo:v:15:y:1997:i:2:p:85-93
    DOI: 10.1111/j.1465-7287.1997.tb00468.x
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    References listed on IDEAS

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    Cited by:

    1. Xiaolin Xie & Yan Xia & Xiaofan Liu, 2007. "Family income and attitudes toward older people in China: comparison of two age cohorts," Journal of Family and Economic Issues, Springer, vol. 28(1), pages 171-182, March.
    2. Giles, John & Lei, Xiaoyan & Wang, Gewei & Wang, Yafeng & Zhao, Yaohui, 2023. "One country, two systems: evidence on retirement patterns in China," Journal of Pension Economics and Finance, Cambridge University Press, vol. 22(2), pages 188-210, April.
    3. Feldstein, Martin, 1999. "Social security pension reform in China," China Economic Review, Elsevier, vol. 10(2), pages 99-107.
    4. H. Li, 2000. "Economic efficiency and social insurance reforms in China," Contemporary Economic Policy, Western Economic Association International, vol. 18(2), pages 194-204, April.
    5. Nielsen, Ingrid & Nyland, Chris & Smyth, Russell & Zhu, Cherrie, 2005. "Marketization and perceptions of social protection in China's cities," World Development, Elsevier, vol. 33(11), pages 1759-1781, November.
    6. Feng, Zhenhua & Lien, Jaimie W. & Zheng, Jie, 2020. "Flexible or mandatory retirement? Welfare implications of retirement policies for a population with heterogeneous health conditions," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 1032-1055.
    7. Shunfeng Song, 2003. "Policy Issues of China's Urban Unemployment," Contemporary Economic Policy, Western Economic Association International, vol. 21(2), pages 258-269, April.

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