The present paper reviews the social security pilot in Jilin and Hei Longjiang that was carried out between 2004 and 2005. The pilot in the two provinces has basically achieved its main objectives, but there are still...The present paper reviews the social security pilot in Jilin and Hei Longjiang that was carried out between 2004 and 2005. The pilot in the two provinces has basically achieved its main objectives, but there are still some unsolved problems, the most severe being lack of effective investment of the funds accumulated by individual accounts. During periods of high economic growth and high growth in average wages, this problem might undermine the partially-funded security system. To this end, the paper makes some suggestions, one of which is to introduce the notional defined contribution system.展开更多
This paper analyzes institutional defects in the Chinese social security system, based on irregularities in social security funds revealed in the Audit Report by the China National Audit Offce. The author divides the ...This paper analyzes institutional defects in the Chinese social security system, based on irregularities in social security funds revealed in the Audit Report by the China National Audit Offce. The author divides the irregularities into five categories according to the nature of fimd use. The results show that the institutional root cause of the irregularities lies in the unreasonable design and operation of the social security system, which currently faces management and institutional risks, This paper argues that simple rhetoric about strengthening regulation and supervision cannot help to reduce illegal practices, or to realize risk control. The only solution is to reform the social security system. Specifically, the Chinese Government should regulate the administrative cost of the social security system, and the behavior of its agencies, through legislation, reform the investment regime to increase rate of return of pension assets, and adjust and reshape the existing social security system, so as to elevate its pooling level.展开更多
The two-child policy was officially proclaimed in the Guideline of the 13th Five-Year Plan and approved in March 2016.This article provides a detailed analysis of the Chinese demographic structure characterised by age...The two-child policy was officially proclaimed in the Guideline of the 13th Five-Year Plan and approved in March 2016.This article provides a detailed analysis of the Chinese demographic structure characterised by ageing with sub-replacement fertility.It argues that the universal two-child policy is timely and necessary for the New Normal economy.The policy has significance in relieving socio-economic pressure and promoting economic growth,for which it is not only a necessary premise but also a sufficient condition.Having reviewed the evolution of the demographic transition theory,this research undertakes a comparative analysis of different stages of demographic transition in different regions across the world.It further investigates the three stages of successful demographic transition in China.The universally adopted two-child policy,as it meets the requirements of demographic transition,is also inevitable for socio-economic development.展开更多
文摘The present paper reviews the social security pilot in Jilin and Hei Longjiang that was carried out between 2004 and 2005. The pilot in the two provinces has basically achieved its main objectives, but there are still some unsolved problems, the most severe being lack of effective investment of the funds accumulated by individual accounts. During periods of high economic growth and high growth in average wages, this problem might undermine the partially-funded security system. To this end, the paper makes some suggestions, one of which is to introduce the notional defined contribution system.
文摘This paper analyzes institutional defects in the Chinese social security system, based on irregularities in social security funds revealed in the Audit Report by the China National Audit Offce. The author divides the irregularities into five categories according to the nature of fimd use. The results show that the institutional root cause of the irregularities lies in the unreasonable design and operation of the social security system, which currently faces management and institutional risks, This paper argues that simple rhetoric about strengthening regulation and supervision cannot help to reduce illegal practices, or to realize risk control. The only solution is to reform the social security system. Specifically, the Chinese Government should regulate the administrative cost of the social security system, and the behavior of its agencies, through legislation, reform the investment regime to increase rate of return of pension assets, and adjust and reshape the existing social security system, so as to elevate its pooling level.
文摘The two-child policy was officially proclaimed in the Guideline of the 13th Five-Year Plan and approved in March 2016.This article provides a detailed analysis of the Chinese demographic structure characterised by ageing with sub-replacement fertility.It argues that the universal two-child policy is timely and necessary for the New Normal economy.The policy has significance in relieving socio-economic pressure and promoting economic growth,for which it is not only a necessary premise but also a sufficient condition.Having reviewed the evolution of the demographic transition theory,this research undertakes a comparative analysis of different stages of demographic transition in different regions across the world.It further investigates the three stages of successful demographic transition in China.The universally adopted two-child policy,as it meets the requirements of demographic transition,is also inevitable for socio-economic development.
