| ID | 159044 |
| Title Proper | Evaluation of pension differentials between Chinese private and public sectors from perspective of protection and incentives over the lifecycle |
| Language | ENG |
| Author | Jia, Hongbo |
| Summary / Abstract (Note) | This article evaluates pension differentials between the private and public sectors over the lifecycle in urban areas in China. The aim of this study was to examine social equity in the face of increasing pressures to reform the current pension system. We developed a model to measure the protection and incentives offered by pensions in the private and public sectors. By incorporating educational cost, career length, retirement age, average years that a retiree receives the pension after retirement, growth rate of wages, interest rates and pension benefits into the model, we provided actuarial assessments. This study found that the current institutional arrangement of pensions in China results in negative incentives for workers in the public sector. |
| `In' analytical Note | China Economic Review Vol. 44; Jul 2017: p.16-29 |
| Journal Source | China Economic Review 2017-07 |
| Key Words | Lifecycle ; Pension Differentials ; Protection and Incentives ; Actuarial Assessment ; Policy Choice of Pension Reform |