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.     

税利分流后深化企业改革的模式初探

从经营流向所有的利润流量，与利润流向的方式、渠道相关。现对其已经有了承包斜、股份制及租赁制的尝试，但它们都存在着本身所同有的以及在中国国情条件下所特有的弊端。     

隐瞒质量缺陷三菱车遭封杀

因隐瞒车辆质量缺陷而使企业经营陷入困境的日本三菱汽车近日事故不断,原本声誉一落千丈的三菱汽车更是雪上加霜.     

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当前,企业注册管理工作面临的形势发生了深刻变化,一是随着我国加入世贸组织和经济全球化的曲折发展,我国将在更广的领域、更大的范围、更高的层次上参与国际经济合作和竞争,国内市场将以更快的速度与国际市场融合,这对市场监管执法工作提出了新的课题和挑战,这就要求工商行政管理机关要在更广的领域、更大的范围、更高的层次上监管和维护市场秩序,做到从监管比较单一的国内市场转到