Randong Yuan

Pension Sustainability in China

Fragmented Administration and Population Aging

• Gebundenes Buch

Produktbeschreibung

Pension Sustainability in China: Fragmented Administration and Population Aging aims to investigate the impact of fragmentation and population ageing on pension sustainability in China. The book demonstrates how pension sustainability is compromised by various adverse effects produced by fragmentation, such as the moral hazard caused by the disarticulated intergovernmental fiscal responsibility. An overlapping generations (OLG) model is updated with the latest demographic data and is used to assess the impact of population ageing on pension sustainability. The book considers whether adjustment in retirement age can ensure long-term financial sustainability. It explores how, compared to the population ageing, the issues stemming from the fragmentation pose a more insidious threat to pension sustainability in China.

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Produktdetails

• Verlag: Routledge
• Seitenzahl: 142
• Erscheinungstermin: 30. November 2021
• Englisch
• Abmessung: 240mm x 161mm x 12mm
• Gewicht: 387g
• ISBN-13: 9781032022819
• ISBN-10: 1032022817
• Artikelnr.: 62571333

Autorenporträt

Randong Yuan is a research fellow at the Advanced Institute of Global and Contemporary China Studies, the Chinese University of Hong Kong, Shenzhen. He is also a fellow at the Institute for International Affairs, Qianhai

Inhaltsangabe

1: Introduction 2: Historical Background and Overview of the Current System
3: Population Ageing and Pension Sustainability in China 4: Fragmented
Administration and Pension Sustainability in China 5: Migrant Workers and
Pension Sustainability in China 6: Discussion and Conclusion References
Appendix A: Interview Guides Appendix B: Calculation for the Actuarial
Present Value of Buy-in Option for the UES