Thesis / Dissertation

Financial sustainability of the pension system in China: Impact of fragmented administration and population ageing

Randong Yuan, Christine Wong (ed.)

Published : 2020

Abstract

With a rapidly ageing population and a highly fragmented pension system divided into over 2,000 pools managed separately by local governments, the financial sustainability of the Chinese pension system is facing serious challenges. This study aims to investigate the impact of fragmentation and population ageing on pension sustainability in China. By examining the history of pension reform and policy evolution in the context of overall development of China, the study conducts an analysis on the consequences of fragmentation based on both evidence obtained from fieldwork and secondary data including policy documents and official statistics. The distortion in incentives for local governments is..

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University of Melbourne Researchers