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.     

昆仑山下工行人

在青海,没有哪座城市能像格尔木那样在短时期内发生令人吃惊的变化.在昔日的荒滩上,柴达木腹地的偏隅,竟然奇迹般崛起了一座新兴的盐化工业重镇.宽阔笔直的街道,错落有致的楼群,喧嚣的市场,还有悠闲的外国游客……谁能想到这只是一座建市仅20年的小城镇.每当谈起格尔木的变化,格尔木工行人就流露出自豪的神色,因为这当中包含有他们撒下的辛勤汗水.     

解析西方独立董事制度

通过对独立董事制度的探索，分析其自身的优势及缺陷，结合我国的实际情况，力图把独立董事制度更有效地应用到现实的我国经济改革中去，强化我国上市公司的治理。