Providing Greater Old-Age Security in China: = Offrir davantage de sécurité aux personnes âgées en Chine
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 exis...
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| Main Author: | |
|---|---|
| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2010
|
| Series: | OECD Economics Department Working Papers
no.750 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| 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. |
| Physical Description: | 1 Online-Ressource (42 Seiten) 21 x 29.7cm. |
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| 520 | |a 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. | ||
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| spelling | Herd, Richard VerfasserIn aut Providing Greater Old-Age Security in China = Offrir davantage de sécurité aux personnes âgées en Chine Richard, Herd, Hu-Wei, Hu and Vincent, Koen Offrir davantage de sécurité aux personnes âgées en Chine Paris OECD Publishing 2010 1 Online-Ressource (42 Seiten) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.750 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. Economics China, People's Republic Hu, Hu-Wei MitwirkendeR ctb Koen, Vincent MitwirkendeR ctb |
| spellingShingle | Herd, Richard Providing Greater Old-Age Security in China = Offrir davantage de sécurité aux personnes âgées en Chine Economics China, People's Republic |
| title | Providing Greater Old-Age Security in China = Offrir davantage de sécurité aux personnes âgées en Chine |
| title_alt | Offrir davantage de sécurité aux personnes âgées en Chine |
| title_auth | Providing Greater Old-Age Security in China = Offrir davantage de sécurité aux personnes âgées en Chine |
| title_exact_search | Providing Greater Old-Age Security in China = Offrir davantage de sécurité aux personnes âgées en Chine |
| title_full | Providing Greater Old-Age Security in China = Offrir davantage de sécurité aux personnes âgées en Chine Richard, Herd, Hu-Wei, Hu and Vincent, Koen |
| title_fullStr | Providing Greater Old-Age Security in China = Offrir davantage de sécurité aux personnes âgées en Chine Richard, Herd, Hu-Wei, Hu and Vincent, Koen |
| title_full_unstemmed | Providing Greater Old-Age Security in China = Offrir davantage de sécurité aux personnes âgées en Chine Richard, Herd, Hu-Wei, Hu and Vincent, Koen |
| title_short | Providing Greater Old-Age Security in China |
| title_sort | providing greater old age security in china offrir davantage de securite aux personnes agees en chine |
| title_sub | = Offrir davantage de sécurité aux personnes âgées en Chine |
| topic | Economics China, People's Republic |
| topic_facet | Economics China, People's Republic |
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