Pension reform in China [Elektronische Ressource] : challenges and answers / vorgelegt von Chuanchao Wang

Fachbereich Wirtschaftswissenschaft Pension Reform in China: Challenges and Answers Disserstationzur Erlangung der Doktorwürde durch den Promotionsausschuss Dr. rer. plo. der Universität Bremen vorgelegt von Chuanchao Wang Bremen, 12.12.2008 GutachterProf. Dr. Jörg Huffschmid Prof. Dr. Rudolf Hickel 1SUMMARY China is currently in the process of developing the largest pension system in the world and it is doing this in the context of profound economic reform and demographic transformation. The central government has followed a step-by-step approach to set up a system that is capable of accommodating a rapidly aging society within a fast growing, but still largely underdeveloped economy. This dissertation analyses how far the process of building the public old age security system had proceeded and to what degree it has so far achieved its primary goal. Based on assessment on the implementation issues of the current system, this dissertation focuses on the major challenges confronting the system, aiming at finding where the pension reform is going in China.Since the crucial re-design of the pension system from an enterprise-based pure pay-as-you-go scheme to a partly privatized funded scheme in 1997, the government has laid out the framework to build up a national unified system, supported by the founding of NSSF (National Social Security Fund) as a fund of last resort. After years of experiment programs, the current system is further specified.