China's Pension Reforms
China's Pension Reforms

Author: Ke Meng

Publisher: Routledge

Published: 2018-09-03

Total Pages: 263

ISBN-13: 135106164X

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Existing literature has looked at many factors which have shaped Chinese pension reforms. As China’s pension reform proceeds in an expanding and localising fashion, this book argues that there is a pressing need to examine it in the context of China’s political institutions and economic transformations. The book takes a unique approach by looking at political institutions of the Chinese state and the changing conditions of the Chinese economy, which rarely receive proper treatment in the current analysis of China’s pension reforms.

China's Pension System
China's Pension System

Author: Mark C. Dorfman

Publisher: World Bank Publications

Published: 2013-03-08

Total Pages: 264

ISBN-13: 0821395416

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Comprehensive reform of China s pension and social security system is an essential element of achieving its objectives of a harmonious society and sustainable development.

Assessing Chile's Pension System: Challenges and Reform Options
Assessing Chile's Pension System: Challenges and Reform Options

Author: Samuel Pienknagura

Publisher: International Monetary Fund

Published: 2021-09-10

Total Pages: 52

ISBN-13: 151359611X

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Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.

Pension Systems and Old-Age Income Support in East and Southeast Asia
Pension Systems and Old-Age Income Support in East and Southeast Asia

Author: Donghyun Park

Publisher: Routledge

Published: 2012-03-15

Total Pages: 283

ISBN-13: 1136579397

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Old age income support will be one of the biggest social and economic challenges facing Asia in the twenty-first century. The growing spotlight on old age income support is largely due to exceptionally rapid population aging which is fundamentally reshaping Asia’s demographic profile. A young continent reaping the demographic dividend of a large youthful workforce is giving way to a greying continent where the ratio of retirees to workers is on the rise. In contrast to industrialized countries, most Asian countries do not yet have mature, well-functioning pension systems. As a result, they are ill prepared to provide economic security for the large number of retirees who loom on the region’s horizon. This book takes a close look at the pension systems of eight countries in East and Southeast Asia – namely, China, Indonesia, Korea, Malaysia, Philippines, Singapore, Thailand and Vietnam – which encompass a wide range of income and development levels. The book provides a comprehensive overview of pension systems in the eight countries, including an in-depth diagnosis to identify their major weaknesses and shortcomings. On the basis of the diagnosis, the book sets forth concrete and specific policy options for reforming Asia’s pension systems. Many policy options for reform are country-specific. For example, a top priority in China is to extend the pension system to rural areas. At the same time, a number of reforms – such as the need to extend coverage – resonate across the entire region. Appropriate reform will enable the region’s pension systems to deliver affordable, adequate and sustainable old-age economic security.

Governance and Fund Management in the Chinese Pension System
Governance and Fund Management in the Chinese Pension System

Author: Yu-Wei Hu

Publisher: International Monetary Fund

Published: 2009-11-01

Total Pages: 52

ISBN-13: 145187393X

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The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system and across provinces. This paper describes the key components of the system, highlights the progress made to date and identifies remaining weaknesses, in regard to information disclosure, the governance framework and pension fund management standards.

China's Healthcare System and Reform
China's Healthcare System and Reform

Author: Lawton Robert Burns

Publisher: Cambridge University Press

Published: 2017-01-26

Total Pages: 744

ISBN-13: 1316738396

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This volume provides a comprehensive review of China's healthcare system and policy reforms in the context of the global economy. Following a value-chain framework, the 16 chapters cover the payers, the providers, and the producers (manufacturers) in China's system. It also provides a detailed analysis of the historical development of China's healthcare system, the current state of its broad reforms, and the uneasy balance between China's market-driven approach and governmental regulation. Most importantly, it devotes considerable attention to the major problems confronting China, including chronic illness, public health, and long-term care and economic security for the elderly. Burns and Liu have assembled the latest research from leading health economists and political scientists, as well as senior public health officials and corporate executives, making this book an essential read for industry professionals, policymakers, researchers, and students studying comparative health systems across the world.

Social Cohesion in Greater China
Social Cohesion in Greater China

Author: Ka-Ho Mok

Publisher: World Scientific

Published: 2010

Total Pages: 395

ISBN-13: 9814291935

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Introduction : the quest for a balanced economic growth and social development - ideas and practices promoting social cohesion in greater China / Ka Ho Mok, Ka Kuen Leung and Yeun Wen Ku -- pt. I. Concepts of social cohesion and policy response. ch. 1. Social cohesive efforts to meet youth development needs in Tin Shui Wai, Hong Kong / Sandra K. M. Tsang and Yiu Kong Chu. ch. 2. In search of harmonious society in China : a social policy response / Kinglun Ngok and Yapeng Zhu. ch. 3. Social cohesion in a divided society : lessons from Taiwan's welfare politics / Yeun Wen Ku. ch. 4. One country, two cities : a comparison of perceived cohesion in Guangzhou and Hong Kong / Simon T. M. Chan, Sammy W. S. Chiu and Marcus Y. L. Chiu -- pt. II. Social change and urban governance. ch. 5. Governing a global city in the context of political transition / Tai Lok Lui. ch. 6. Embracing the market : examining the consequences for education, housing, and health in Chinese cities / Ka Ho Mok ... [et al.]. ch. 7. Urban governance from below : a case study of Kaohsiung, Taiwan / Shiuh Shen Chien and Yeilong Wu -- pt. III. Economic well-being, urban poverty and pension reforms. ch. 8. Elderly poverty and old-age pension reform in Hong Kong : issues and prospects / Ernest Chiu and Lisanne Ko. ch. 9. Is welfare restructuring and economic development in post-1997 Hong Kong in search of a cohesive society? / Maggie Lau and Ka Ho Mok. ch. 10. Economic development and household economic well-being in urban China / Xiulan Zhang, Terry Lum and Yuebin Xu. ch. 11. The fragmentation of the old-age security system : the politics of pension reform in Taiwan / Shih Jiunn Shi.

The Challenge of Public Pension Reform in Advanced and Emerging Economies
The Challenge of Public Pension Reform in Advanced and Emerging Economies

Author: Mr.Benedict J. Clements

Publisher: International Monetary Fund

Published: 2013-01-25

Total Pages: 86

ISBN-13: 147556631X

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Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where pension coverage is extensive, the issues are similar to those in advanced economies. Where pension coverage is low, the key challenge will be to expand coverage in a fiscally sustainable manner. This volume examines the outlook for public pension spending over the coming decades and the options for reform in 52 advanced and emerging market economies.

Equitable and Sustainable Pensions
Equitable and Sustainable Pensions

Author: Mr.Benedict J. Clements

Publisher: International Monetary Fund

Published: 2014-03-08

Total Pages: 432

ISBN-13: 1616359501

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Pension reform is high on the agenda of many advanced and emerging market economies, for many reasons. First, public pensions often constitute a large share of government expenditure. Second, population aging means that reforms would be needed just to keep pension spending from rising in the future. Third, in many economies, low or falling pension coverage will leave large segments of the population without adequate income in old age and at risk of falling into poverty. Although a number of studies have assessed the effects of pension reforms on fiscal sustainability, a systematic analysis of equity issues in pension systems—and how countries have grappled with these issues—has yet to be undertaken. This book brings together the latest research on equity issues related to pension systems and pension reforms in the post-crisis world. Some of the key issues covered include: the effect of pension systems on intergenerational equity and the impact of pension reforms on poverty, the effects of pension reform measures on fiscal sustainability and equity, and the fiscal consequences of achieving different equity goals. It also presents country case studies. The volume provides a rich menu of material to assist policymakers and academic audiences seeking to understand the latest research in this area, as well as the lessons and challenges for the design of reforms.

Age Related Pension Expenditure and Fiscal Space
Age Related Pension Expenditure and Fiscal Space

Author: Mukul G. Asher

Publisher: Routledge

Published: 2016-02-22

Total Pages: 207

ISBN-13: 1317371593

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This book explores the linkages between age-related pension expenditures and the fiscal space needed to fund them, as well as to organize the mix of financing methods with different risk-sharing arrangements. After critically assessing the existing models projecting age-related expenditure in the literature, the book focuses on the case studies of these inter-linkages in four highly-populated East Asian countries, namely China, Indonesia, India, and Japan. Nearly two- fifths of the global population live in these countries. Therefore, how these inter-linkages manifest themselves and the initiatives in these countries for finding fiscal space will have an impact on how the ageing issues are addressed globally. This book does several distinguishing characteristics, including exploration of inter-linkages between age-related expenditure and fiscal space, and application of country-specific methods to explore these linkages, rather than relying standard macroeconomic model. In the process, the studies also bring out the limitations of standardized model used in the literatures. Scholars and policy makers interested in the subject will definitely find the book of valuable use.