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The NDC Model:A Way to Resolve Moral Hazard in Chinas Social Security System
摘    要:I. IntroductionIn the early 1990s, China extensively examined experiences of other countries and conducteda widespread discussion on the choice of models for establishing a social security system,weighing the pros and cons of many proposals. After that, a basic consensus was reachedamong people from all walks of life: China must adopt the partially funded pension modelthat combines social pooling funds with individual accounts an arrangement that adaptsto Chinas specific situation. That prin…

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