Social security pension reform in China |
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| Authors: | Martin Feldstein |
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| Affiliation: | a Department of Economics, Harvard University, and National Bureau of Economic Research, 1050 Massachusetts Avenue, Cambridge, MA 02138, USA |
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| Abstract: | China has legislated a mixed social security pension system with a defined benefit pay-as-you-go portion and an investment-based defined contribution portion. This paper analyzes the economics of these two types of systems in the Chinese context and calculates the advantage to China of using an investment-based portion. Several options for reform of the recently legislated system are considered. |
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| Keywords: | Social security Pensions Saving |
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