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Pension reform in China: towards social investment

In: Social Investment and Social Welfare

Author

Listed:
  • Joe C. B. Leung
  • Yuebin Xu

Abstract

This chapter by Joe Leung and Yuebin Xu discusses pension reform in China and questions whether the government’s pension policies effectively promote social investments that produce future benefits to elders. Facing the challenges of the ageing population, escalating pension payments and imminent declining workforce, China has to formulate a sustainable, adequate and affordable pension system. Using pension reforms as an example, this chapter illustrates that harmonizing pension reforms are regarded as the key instrument of social investment strategy to promote economic performance. Pension reforms are pivotal to restructure the labor market, facilitate labour mobility and integration across regions, occupational sectors, and rural and urban areas, as well as to enhance the quality of human capital. In short, a modernized economy has to be accompanied by a universal and equitable social security system. Key words: social investment, international social welfare, pensions, social protection, China

Suggested Citation

  • Joe C. B. Leung & Yuebin Xu, 2017. "Pension reform in China: towards social investment," Chapters, in: James Midgley & Espen Dahl & Amy Conley Wright (ed.), Social Investment and Social Welfare, chapter 9, pages 160-176, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:17137_9
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    Citations

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    Cited by:

    1. Broeders, Dirk & de Haan, Leo, 2020. "Benchmark selection and performance," Journal of Pension Economics and Finance, Cambridge University Press, vol. 19(4), pages 511-531, October.
    2. Raju, Arun & Roy, Partho S, 2019. "Renewable Natural Gas Research Center Project," Institute of Transportation Studies, Working Paper Series qt0055g3kb, Institute of Transportation Studies, UC Davis.
    3. Jorge Ivan Gonzalez & Mauricio Perez Salazar, 2019. "Mercados y Bienestar. Ensayos en memoria de homero cuevas," Books, Universidad Externado de Colombia, Facultad de Economía, number 79.
    4. Anna H. Jankowiak, 2018. "Transnational Corporations and Business Networks in ASEAN: Building Partnership in the Asia– Pacific Region," International Business Research, Canadian Center of Science and Education, vol. 11(1), pages 230-244, January.

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