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Identifier to cite or link to this item: https://doi.org/10.15057/21755
Identifier to cite or link to this item: https://hdl.handle.net/10086/20145

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Title
Pension Reform of PRC―Incentives, Governance and Policy Options―
Creator
Creator Name
Takayama, Noriyuki Takayama, Noriyuki
Editor
Contributor Name
一橋大学経済研究所
Abstract
This paper identifies main pension issues of People's Republic of China (PRC). Incentives, governance/implementation and system design are its main concern. It argues that the widespread noncompliance and evasion of the existing system are mainly an outcome of strong disincentives placed in the current provisions. It is also demonstrated that the current 2nd-tier pension of PRC can be regarded as a special defined benefit plan on a pay-as-you-go basis, which was originally envisaged as a funded defined contribution plan. The administratively set low rate of return from investment to the 2nd-tier incurs a hidden tax on the pension assets, as well.
Publisher
岩波書店
Issued Date
2005-10-25
Language
English(eng)
Resource Type
journal article
Version Type
VoR
selfDOI
10.15057/21755
ISSN
00229733
NCID
AN00070761
Source Title
経済研究
Volume Number
56
Issue Number
4
Page Start
289
Page End
303
Appears in Collections
56巻4号 (2005.10)
URL
https://hdl.handle.net/10086/20145