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Demographic change, intergenerational transfers, and the challenges for social protection systems in the People’s Republic of China

In: Aging, Economic Growth, and Old-Age Security in Asia

Author

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  • Qiulin Chen
  • Karen Eggleston
  • Ling Li

Abstract

First, the expert contributors argue, Asia must find ways to sustain rapid economic growth in the face of less favorable demographics, which implies slower growth of the workforce. Second, they contend, Asia must find ways to deliver affordable, adequate, and sustainable old-age economic security for its growing elderly population. Underpinned by rigorous analysis, a wide range of concrete policy options for sustaining economic growth while delivering economic security for the elderly are then presented. These include Asia-wide policy options – relevant to the entire region – such as building up strong national pension systems, while other policy options are more relevant to sub-groups of countries.

Suggested Citation

  • Qiulin Chen & Karen Eggleston & Ling Li, 2012. "Demographic change, intergenerational transfers, and the challenges for social protection systems in the People’s Republic of China," Chapters, in: Donghyun Park & Sang-Hyop Lee & Andrew Mason (ed.), Aging, Economic Growth, and Old-Age Security in Asia, chapter 6, pages 161-202, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15088_6
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    References listed on IDEAS

    as
    1. Barry Eichengreen & Donghyun Park & Kwanho Shin, 2012. "When Fast-Growing Economies Slow Down: International Evidence and Implications for China," Asian Economic Papers, MIT Press, vol. 11(1), pages 42-87, Winter/Sp.
    2. Bloom, David E & Williamson, Jeffrey G, 1998. "Demographic Transitions and Economic Miracles in Emerging Asia," The World Bank Economic Review, World Bank, vol. 12(3), pages 419-455, September.
    3. N/A, 2008. "Statistical Appendix," National Institute Economic Review, National Institute of Economic and Social Research, vol. 205(1), pages 117-126, July.
    4. N/A, 2008. "Statistical Appendix," National Institute Economic Review, National Institute of Economic and Social Research, vol. 204(1), pages 116-125, April.
    5. Wei, Zheng & Hao, Rui, 2010. "Demographic structure and economic growth: Evidence from China," Journal of Comparative Economics, Elsevier, vol. 38(4), pages 472-491, December.
    6. Gary S. Becker & Robert J. Barro, 1988. "A Reformulation of the Economic Theory of Fertility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 103(1), pages 1-25.
    7. N/A, 2008. "Statistical Appendix," National Institute Economic Review, National Institute of Economic and Social Research, vol. 206(1), pages 119-128, October.
    8. Donghyun Park & Sang-Hyop Lee & Andrew Mason (ed.), 2012. "Aging, Economic Growth, and Old-Age Security in Asia," Books, Edward Elgar Publishing, number 15088.
    9. Yi Zeng & Linda George, 2000. "Family Dynamics of 63 Million (in 1990) to More Than 330 Million (in 2050) Elders in China," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 2(5).
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Cai, Yong & Wang, Feng & Li, Ding & Wu, Xiwei & Shen, Ke, 2014. "China’s age of abundance: When might it run out?," The Journal of the Economics of Ageing, Elsevier, vol. 4(C), pages 90-97.
    2. Jin Feng & Pingyi Lou & Yangyang Yu, 2015. "Health Care Expenditure over Life Cycle in the People's Republic of China," Asian Development Review, MIT Press, vol. 32(1), pages 167-195, March.

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    More about this item

    Keywords

    Asian Studies; Development Studies; Social Policy and Sociology;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I13 - Health, Education, and Welfare - - Health - - - Health Insurance, Public and Private
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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