The NDC Model： A Way to Resolve Moral Hazard in China＇s Social Security System

Since the mid-1990s, China has adopted a partially funded pension scheme in building its social security system. However, after nearly 10 years of operations, people found that the serious moral hazard problem of contribution defaults and loss of control concerning pension payment stemmed from this partially funded pension scheme. This institutional arrangement has also resulted in the so-called “adverse selection in non-market institutions”,which in turn is capable of destroying the current system. This article argues for the introduction of the Notional Defined Contribution (NDC)scheme, because it can solve the problem of moral hazard and adverse selection. Moreover,it can solve the problem of a lack of institutional conditions for the entry of the social security fund into the stock market. It is important to note that the NDC scheme fully conforms to the initial intention of the policy-makers who designed the partially funded pension scheme in mid-1990s.     

我们的教育方针

信义的存在需要整个社会对个人财富有法律意义上的尊重,同时需要对取得财富的方式作法律上的约束 我姥姥姓姜.上溯两千多年.姜姓是贵族.“手如柔荑肤如凝脂螓首蛾眉”的那位就是姜姓女子的杰出代表。那时候,我姥姥家的人说话都是带韵的,有心人攒巴攒巴就是一本《诗经》。两千多年过去,我姥姥家境败落.汉字一个不认得,把自己的姓名刺在小臂内侧,需要签名的时候就照猫画虎。     

企业信誉行为分析

文章探讨了如何通过披露企业在交易中的信誉记录 ,使企业注重信誉的保持 ;如何拉长企业视距 ,使企业从长远利益出发 ,守信守约 ;如何通过改变企业的利润观 ,为企业的信誉行为提供新的价值评判标准 ,从而使企业进行真正的信誉投资。     

用质量打造四川诚信经济

实践表明，现代社会是诚信需求日益增长的社会，市场经济是信用经济．法制经济，全面建设惠及十几亿人口的更高水平的小康社会迫切要求在全社会营造诚信的环境．完善诚信的制度。然而诚信与市场经济并不是天然伴生的，它要靠道德的培育，更要靠市场法则来约束。     

贯彻新的结算账户管理办法 提高银行服务水平

人民银行制定新的《人民币银行结算账户管理办法》(以下简称《办法》)已在9月1日实行。1994年颁布的《银行账户管理办法》(以下简称“现行办法”),已不能适应当前结算账户管理的需要。新的《办法》就是在这种形式下出台的。人民币银行结算账户是指银行为存款人开立的办理资金收