The Resource Providing Greater Old-Age Security in China, Richard Herd, Hu-Wei Hu and Vincent Koen, (electronic resource)

Providing Greater Old-Age Security in China, Richard Herd, Hu-Wei Hu and Vincent Koen, (electronic resource)

Label
Providing Greater Old-Age Security in China
Title
Providing Greater Old-Age Security in China
Statement of responsibility
Richard Herd, Hu-Wei Hu and Vincent Koen
Creator
Contributor
Subject
Language
eng
Summary
China's population is set to age fast, owing to low fertility and rising life expectancy. With ongoing migration of the younger cohorts to urban areas the increase in the old-age dependency ratio will be even more pronounced in rural than in urban areas. Very different pension arrangements exist across the country, with diverse and segmented systems in urban areas, belated retirement and low replacement ratios in rural areas, and special rules governing public sector pensions. Labour mobility is impeded by some of features of the current pension system, not least limited benefit portability. Various reforms have been initiated or proposed over the past decade. Some add to the existing fragmentation, while others, notably those providing for greater geographical pooling, have only partly been implemented. Also, under current rules, effective replacement rates are fairly low and projected to decline further, both for rural and urban residents, which may be difficult to sustain with the elderly living less and less with their descendants. Furthermore, as the countryside ages, much of the additional burden will be shouldered by local governments with insufficient resources. These challenges can be addressed by gradually consolidating the various regimes, raising retirement ages and shifting more of the cost of rural pensions to the central government. Even if different schemes for different categories of workers were to persist, each should be unified over time, first provincially and then nationally, phasing out the urban-rural distinction
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Herd, Richard
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Hu, Hu-Wei
  • Koen, Vincent
Series statement
OECD Economics Department Working Papers,
Series volume
no.750
http://library.link/vocab/subjectName
  • Economics
  • China (People's Republic of)
Label
Providing Greater Old-Age Security in China, Richard Herd, Hu-Wei Hu and Vincent Koen, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762090678
Dimensions
21 x 30 cm
Extent
1 online resource 43 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5kmlh4x7pc7k-en
Specific material designation
remote
System control number
(OCoLC)762090678
Label
Providing Greater Old-Age Security in China, Richard Herd, Hu-Wei Hu and Vincent Koen, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
762090678
Dimensions
21 x 30 cm
Extent
1 online resource 43 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5kmlh4x7pc7k-en
Specific material designation
remote
System control number
(OCoLC)762090678

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