SOCIAL SECURITY REFORM IN CHINA: THE CASE OF OLD-AGE INSURANCE |
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| Authors: | SHUNFENG SONG GEORGE S-F CHU |
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| Institution: | Associate Professor, Department of Economics, College of Business Administration, University of Nevada, Reno, Phone 1-702-784-6860 Fax 1-702-784-4728, E-Mail;Professor, Department of Economics, College of Business Administration, University of Nevada, Reno Phone 1-702-825-8146, Fax 1-702-784-4728 E-Mail |
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| 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. |
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