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Implicit Pension Debt, Transition Cost, Options, and Impact of China's Pension Reform : A Computable General Equilibrium Analysis / Yan Wang.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Author/Creator:
- Wang, Yan, author.
- Series:
- Policy research working papers ; 2555.
- Policy research working papers ; 2555
- Language:
- English
- Subjects (All):
- Economic policy.
- Physical Description:
- 1 online resource (47 pages) : illustrations.
- Other Title:
- Implicit Pension Debt, Transition Cost, Options, and Impact of China's Pension Reform
- Place of Publication:
- Washington, DC : World Bank, 2001.
- Summary:
- China's population is aging rapidly: the old age dependency ratio will rise from 11 percent in 1999 to 25 percent in 2030 and 36 percent in 2050. Currently, three workers support one retiree; without reform, the system dependency ratio will climb to 69 percent in 2030 and 79 percent in 2050. The pension system has been in deficit, with an implicit pension debt in 2000 as high as 71 percent of GDP. The lack of an effective sustainable pension systemn is a serious obstacle to Chinese economic reform.
- Notes:
- Description based on publisher supplied metadata and other sources.
- Includes bibliographical references and index.
- Publisher Number:
- 10.1596/1813-9450-2555
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