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| 1 |
ID:
184104
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| Summary/Abstract |
The sustainability of China’s urban social security financing system has recently been seriously questioned. This article divides the financing system’s development into two periods (before and after reform). It compares the capital collection and the distribution and circulation structures and reviews the financing system before and after reform. In this study, we also discuss and explain the ‘empty account’ phenomenon, which severely undermines the financing system’s sustainability. We allege that the money accumulation system adopted after reform, which correlates personal accounts with the social pool, is not running as designed but as a ‘pay-as-you-go’ system. After evaluating the efficiency and cost performance of both periods, testing the financing system’s sustainability and correlating the system during both time periods with economic and social development, we find that the financing systems’ operation after reform corresponds with theories proved by case studies in other advanced states.
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| 2 |
ID:
188435
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| Summary/Abstract |
This study examines the records of urban social security in China between 1949 and 1988 to test the applicability of the popular theory on social security development, thereby elucidating the impact of a country’s politics on the modification of the design, operation, and transformation of its social security. This study complements existing theories and questions regarding the correlation between industrialisation and the development of social security and tests the utility of popular theories of social security development for understanding the Chinese case. In order to conduct cross-period comparison and identify the changes in China’s urban social security, the study period—namely, 1949 to 1988—is divided according to changes in the doctrine of the Chinese Communist Party (CCP). Focusing on the emergence of and modifications to China’s social security system before its reform in 1988, this study identifies the structural features and philosophy of its institutional design and analyses its development using statistical data. More specifically, this study reveals how changes in the doctrine of the CCP decisively impacted the development of China’s urban social security. In doing so, this study demonstrates a new means of predicting a country’s social security development.
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