The role of public pensions in income inequality among elderly households in China 1988–2013

Li, Jinjing; Wang, Xinmei; Xu, Juan; Chang, Yun-Tzu

doi:10.1016/j.chieco.2020.101422

Cited by 39 publications

(25 citation statements)

References 13 publications

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“…According to Table 5, the social security shared prosperity index increased from 0.07 to 0.40 in 2002-2013, and the increase ratio is very large. According to the CHIP data, the pension concentration rate sorted by total disposable income has been shrinking from 2007 to 2013 and to 2018 (Luo et al, 2021;Sicular et al, 2020), 17 and the Gini coeffi cient of pension income is also shrinking (Li et al, 2020). These mainly result from the establishment and continuous improvement of pension insurance and medical insurance.…”

Section: Determinants Of Shared Prosperitymentioning

confidence: 99%

Growth and Common Prosperity in China

Kakwani

Wang

Ning

et al. 2022

China and World Economy

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This paper introduces a decomposition method that quantifies the contributions to common prosperity of labor market performance and social policies and extends the idea of shared prosperity to a new measure of inequity in opportunities. The resulting common prosperity indices and opportunity equality indices are then applied to five waves of the Chinese Household Income Project data from 1988 to 2018. This paper shows that the labor market performance and social policies have been improving over the last 30 years and have helped China move towards common prosperity for everyone. The indices developed in this paper allow us to quantify the extent of shared prosperity that a country has achieved and to carry out empirical studies on which policy is working and which is not. It can also help us identify the fundamental causes of inequality and aid us in achieving equality in opportunity among all members of society.

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Section: Determinants Of Shared Prosperitymentioning

confidence: 99%

Growth and Common Prosperity in China

Kakwani

Wang

Ning

et al. 2022

China and World Economy

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“…Differential income from public pensions across urban and rural populations reveals the challenges of this approach. 52 Today, the urban elderly earn many times as much from their public pensions as their rural counterparts. 53 To rebalance this and many other rural/urban inequities would require major spending on low-income populations and possibly cuts in urban benefits.…”

Section: The Rural Population and China's Exit From Middle Incomementioning

confidence: 99%

Complicating China’s Rise: Rural Underemployment

Rozelle¹,

Boswell²

2021

The Washington Quarterly

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Complicating China's Rise: Rural UnderemploymentChina' s economy has doubled in size every eight years since 1979, making it over 32 times bigger now then it was then and the second largest in the world today. 1 Four decades of growth have ushered more than 400 million people in China into the global middle class. 2 According to the World Bank, China is currently an upper middle-income country. The country is the only major economy on earth to report growth in 2020 in the wake of the coronavirus pandemic. 3 What are the prospects for China to continue its spectacular economic rise and become a high-income country? In this article, we aim to draw attention to an underappreciated factor that we believe may complicate China's continued economic ascent: hundreds of millions of poorly educated, increasingly underemployed workers hailing from China's rural hinterland. Middle-Income Countries and Graduates: The Global LandscapeWe begin our argument by categorizing three types of major economies in the post-World War II era. The first comprises countries that were wealthy in 1960 and are still wealthy today, such as the United States, Denmark, Japan,

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“…The URRPS participants at 45–60 years of age must pay their premium annually or pay the cumulative premium. On average in China, the public pensions have become the most important source of income for households with elderly members [ 8 ]. Farm production can be easily affected by many factors.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Social Pension Scheme on Farm Production in China: Evidence from the China Health and Retirement Longitudinal Survey

Xie

Xiong

et al. 2022

IJERPH

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How does a social pension scheme affect farm production? This study addresses this question by investigating the effect of social pension on farm production by taking Urban and Rural Residents Pension Scheme (URRPS) in China as an illustration. Based on the implementation of the policy before and after the unification of URRPS, this paper uses the China Health and Retirement Longitudinal Survey (CHARLS) in 2011, 2013, 2015, and 2018 and conducts an analytical framework of the difference-in-difference model. The results show that, although the impact of URRPS on labor productivity is not significant, the pension income of URRPS significantly improves the land productivity of elderly farmers. Furthermore, the land productivity effect is larger for male farmers. This paper reveals the certain role played by pension scheme in promoting farm production, providing insights on alleviating the pressure of farm production brought by agricultural labor aging.

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The role of public pensions in income inequality among elderly households in China 1988–2013

Cited by 39 publications

References 13 publications

Growth and Common Prosperity in China

Growth and Common Prosperity in China

Complicating China’s Rise: Rural Underemployment

The Impact of Social Pension Scheme on Farm Production in China: Evidence from the China Health and Retirement Longitudinal Survey

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