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The most populous country in the world, China faces immense socio-economic challenges providing adequate pensions to its growing elderly population. In that country, pensions available to older people vary considerably across the country's various pension schemes. This paper calculates the...
Persistent link: https://www.econbiz.de/10010744389
Contemporary pension systems face a major fiscal challenge. In China, whose population has been aging rapidly, such a challenge is of extreme importance. This article finds that, in China, the cumulative funding gap in pensions should be 2022.34billion Yuan until 2020, and 71731.94billion Yuan...
Persistent link: https://www.econbiz.de/10010931676
Considering the rapid growth of China’s elderly rural population, establishing both an adequate and a financially sustainable rural pension system is a major challenge. Focusing on financial sustainability, this article defines this concept of financial sustainability before constructing sound...
Persistent link: https://www.econbiz.de/10010777750
Persistent link: https://www.econbiz.de/10011392437