China pension system : the problems and recommendations for urban & rural regions.
China has enjoyed rapid economic growth in the last few decades, but this trend is set to change for the worst. Shifting demographics due to the successful “one-child policy” has led to a rapid greying of China. As the number of elderly increases, so have the obligation to provide for their retireme...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2011
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/43653 |
| _version_ | 1826111383799857152 |
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| author | Ng, Yeong Boon. Peh, Jin Bao. Teo, Jeffrey Jun Chek. |
| author2 | David Alexander Reisman |
| author_facet | David Alexander Reisman Ng, Yeong Boon. Peh, Jin Bao. Teo, Jeffrey Jun Chek. |
| author_sort | Ng, Yeong Boon. |
| collection | NTU |
| description | China has enjoyed rapid economic growth in the last few decades, but this trend is set to change for the worst. Shifting demographics due to the successful “one-child policy” has led to a rapid greying of China. As the number of elderly increases, so have the obligation to provide for their retirement needs, resulting in escalating deficits in the national social security funds. This paper aims to predict and analyze the burden that might be faced by China in the next few
decades, by firstly separating its population and thus pension system into its urban and rural sectors.
The logic behind this categorization is that the pension systems introduced by officials to respective sectors have differed since the opening up of China. This paper employs a three cases scenario approach for both sectors to find out the exact numerical burden faced by the Chinese in the year 2030, and the tabulated results have been generally pessimistic. Unless there is an immediate reform, the social pension system of both urban and rural are deemed unsustainable in the long run. Based on the evaluation of the results, this paper has devised a few practical recommendations that will assist China to meet her retirement needs, while still ensuring a sound economic growth level. |
| first_indexed | 2024-10-01T02:49:48Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/43653 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T02:49:48Z |
| publishDate | 2011 |
| record_format | dspace |
| spelling | ntu-10356/436532019-12-10T12:51:55Z China pension system : the problems and recommendations for urban & rural regions. Ng, Yeong Boon. Peh, Jin Bao. Teo, Jeffrey Jun Chek. David Alexander Reisman School of Humanities and Social Sciences DRNTU::Social sciences::Economic development::China China has enjoyed rapid economic growth in the last few decades, but this trend is set to change for the worst. Shifting demographics due to the successful “one-child policy” has led to a rapid greying of China. As the number of elderly increases, so have the obligation to provide for their retirement needs, resulting in escalating deficits in the national social security funds. This paper aims to predict and analyze the burden that might be faced by China in the next few decades, by firstly separating its population and thus pension system into its urban and rural sectors. The logic behind this categorization is that the pension systems introduced by officials to respective sectors have differed since the opening up of China. This paper employs a three cases scenario approach for both sectors to find out the exact numerical burden faced by the Chinese in the year 2030, and the tabulated results have been generally pessimistic. Unless there is an immediate reform, the social pension system of both urban and rural are deemed unsustainable in the long run. Based on the evaluation of the results, this paper has devised a few practical recommendations that will assist China to meet her retirement needs, while still ensuring a sound economic growth level. Bachelor of Arts 2011-04-18T01:26:44Z 2011-04-18T01:26:44Z 2011 2011 Final Year Project (FYP) http://hdl.handle.net/10356/43653 en Nanyang Technological University 57 p. application/pdf |
| spellingShingle | DRNTU::Social sciences::Economic development::China Ng, Yeong Boon. Peh, Jin Bao. Teo, Jeffrey Jun Chek. China pension system : the problems and recommendations for urban & rural regions. |
| title | China pension system : the problems and recommendations for urban & rural regions. |
| title_full | China pension system : the problems and recommendations for urban & rural regions. |
| title_fullStr | China pension system : the problems and recommendations for urban & rural regions. |
| title_full_unstemmed | China pension system : the problems and recommendations for urban & rural regions. |
| title_short | China pension system : the problems and recommendations for urban & rural regions. |
| title_sort | china pension system the problems and recommendations for urban rural regions |
| topic | DRNTU::Social sciences::Economic development::China |
| url | http://hdl.handle.net/10356/43653 |
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