The distributional effects of public pension reform in urban China

He, Liang

doi:10.1007/s11459-008-0012-x

Cited by 11 publications

(5 citation statements)

References 7 publications

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“…The variables controlled for in the wage equation were age, education, occupation, employment sector, and regional dummies. A detail description of the estimation methodology is given by He(2007).…”

Section: Appendix: Estimating Future Earnings and Pension Wealthmentioning

confidence: 99%

Public pension and household saving: Evidence from urban China

Jin

Satō

2011

Journal of Comparative Economics

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110

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Abstract:We relate household saving to pension reform, to explain the high household saving rates in urban China from a new perspective. We use the exogenous -policy inducedvariation in pension wealth to explicitly estimate the impact of pension wealth on household saving, and obtain a significant offset effect of pension wealth on household saving. Our estimations show that pension reform boosted the household saving rate in 1999 by about 6 percentage points for cohort aged 25-29 and by about 3 percentage points for cohort aged 50-59. Our results also indicate that declining pension wealth reduces expenditure on education and health more than on other consumption items.

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Section: Appendix: Estimating Future Earnings and Pension Wealthmentioning

confidence: 99%

Public pension and household saving: Evidence from urban China

Jin

Satō

2011

Journal of Comparative Economics

Self Cite

110

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“…Several studies have analysed the potential effects of pension systems and their reforms on intra‐generational inequality (see for example, Karayel, ; Lefèbvre, ; He, ; Bonenkamp, ; Klazar and Slintáková, ; van Vliet et al, ; Aubert, Duc and Ducoudré, ). To measure generational distribution and test for inequality in pensions, other studies have used Net Present Value and Expected Utility (Auerbach and Lee, ) as well as the individual Internal Rate of Return of different career patterns (Nisticò and Bevilacqua, and ).…”

Section: Introductionmentioning

confidence: 99%

The effects on intra‐generational inequality of introducing a funded pension scheme: A microsimulation analysis for Estonia

Piirits

Võrk

2019

Int Social Security Review

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This article uses a single male cohort microsimulation model to analyse the intra-generational and distributional effects of a shift in Estonia from a defined benefit pay-as-you-go (PAYG) pension system to a multi-pillared system with a PAYG scheme with contribution-based insurance components and a funded pension scheme. We contribute to the literature on microsimulation by showing how introducing contribution-based insurance components and compulsory defined contribution (DC) schemes can increase pension inequality. Our results show that in the case of a high level of inequality in labour earnings and high longterm unemployment rates, such as in Estonia, the introduction of a very strong link between contributions and future benefits leads to considerably higher inequality in pension incomes as measured by the Gini coefficient. Simulation results for Estonia suggest that inequality in old-age pension incomes more than doubles when the reforms mature. In contrast, the inequality in replacement rates decreases.

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“…Wang, 2015). The "empty account" problem refers to the fact that although the social security system of former workers has changed and has theoretically been financed by the new social pool 6 and personal account 7 co-ordinated money accumulation system (SPPA), in reality, they have no personal accounts or social pool (L. He, 2008). The CCP government has thus been using the funds accumulated by "new workers" to finance the social security of 'former workers', emptying both the personal accounts and the social pool (Ren, 2006).…”

Section: An Overview Of China's Urban Social Security Systemmentioning

confidence: 99%

Political doctrine, economic growth, and the development of urban social security: Lessons from post-reform China

Huang,

Zhang

2023

J Infrastruct Policy Dev

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This study provides an empirical examination of the design and modification of China’s urban social security programme. In doing so, this study complements the popular assumption regarding the correlation between economic growth and social security development. Focusing on the economic and political motivations behind the ruling party’s decision to implement social security, this study first discusses the modification of urban social security and welfare in China. It then empirically demonstrates the mechanisms behind the system’s operation. This study proposes the following hypothesis: in a country like China, a change in the doctrine of the ruling party will affect government alliances, negating the positive impact of economic growth on the development of social security. In demonstrating this hypothesis, this study identifies a political precondition impacting the explanatory power of popular conceptions of social security development.

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The distributional effects of public pension reform in urban China

Abstract: pension reform, income distribution, inter and intra-generational inequality, H550, D310, I380, 养老保险改革, 收入分配, 代内与代际不平衡,

Cited by 11 publications

References 7 publications

Public pension and household saving: Evidence from urban China

Public pension and household saving: Evidence from urban China

The effects on intra‐generational inequality of introducing a funded pension scheme: A microsimulation analysis for Estonia

Political doctrine, economic growth, and the development of urban social security: Lessons from post-reform China

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