Implicit Pension Debt, Transition Cost, Options, and Impact of China's Pension Reform : A Computable General Equilibrium Analysis

Implicit Pension Debt, Transition Cost, Options, and Impact of China's Pension Reform : A Computable General Equilibrium Analysis

The main problems with China's pension system--the pension burdens of state enterprises and the agency of the population--have deepened in recent years. Using a new computable general equilibrium model that differentiates between three types o...

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Bibliographic Details
Main Authors:	Wang, Yan, Xu, Dianqing, Wang, Zhi, Zhai, Fan
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTING SYSTEM ADMINISTRATIVE COSTS ADMINISTRATIVE SYSTEM ALLOCATION OF RESOURCES AUTHORITY BASIC BENEFIT BASIC PENSION BENEFIT LEVEL BUDGET SURPLUS CENTRAL GOVERNMENT CENTRAL GOVERNMENTS COMPETITIVE BIDDING CONTRIBUTION RATE CONTRIBUTION RATES DEBT DECREE DECREES DEFICITS DEFINED BENEFITS DEFINED CONTRIBUTION PROVIDENT FUNDS DEFINED CONTRIBUTION SYSTEMS DEPENDENCY RATIO DEPOSIT INSURANCE DEPOSIT INSURANCE SCHEMES DISCOUNT RATES ECONOMIC GROWTH ECONOMIC REFORM ECONOMISTS EMPIRICAL EVIDENCE EMPLOYMENT ENTERPRISE OWNERSHIP ENTERPRISE REFORM EQUILIBRIUM EXPENDITURES FACE VALUE FINANCIAL SECTORS FINANCIAL SUSTAINABILITY FINANCIAL VIABILITY FISCAL FISCAL EXPENDITURE FISCAL POLICIES FISCAL RESOURCES FISCAL STABILITY FISCAL SUSTAINABILITY FOREIGN DEBT FUTURE PENSIONS GENERAL EQUILIBRIUM MODEL GOVERNMENT DEBT GOVERNMENT POLICY IMPORTS INCENTIVE PROBLEMS INCOME INCOME DISTRIBUTION INCOME INEQUALITY INDEXATION INDIVIDUAL ACCOUNTS INFORMAL ECONOMY INFORMAL EMPLOYMENT INFORMAL SECTOR INTERGENERATIONAL EQUITY INVENTORIES INVENTORY LABOR FORCE LABOR INPUTS LABOR MARKET LABOR SUPPLY LIFE EXPECTANCY LOCAL GOVERNMENT LOCAL GOVERNMENT FINANCE LOCAL GOVERNMENTS LOCAL TAX MARKET DISTORTIONS MARKET PRICES MINISTRY OF FINANCE MULTIPILLAR SYSTEMS MUNICIPALITIES MUNICIPALITY PAYROLL TAX PAYROLL TAXES PENSION COVERAGE PENSION DEBT PENSION FUND PENSION FUNDS PENSION INSURANCE PENSION LIABILITIES PENSION REFORM PENSION REFORMS PENSION RIGHTS PENSION SERVICES PENSION SYSTEM PENSION SYSTEM REFORM PENSION SYSTEMS PENSIONERS PENSIONS PERSONAL SAVINGS POLICY INSTRUMENTS POPULATION DYNAMICS POPULATION GROWTH POVERTY LINE PREFECTURE GOVERNMENTS PRESENT VALUE PRIVATIZATION PRODUCTIVITY PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC PILLAR PUBLIC POLICIES PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR REPLACEMENT RATE REPLACEMENT RATES RESOURCE ALLOCATION RETIREES RETIREMENT RETIREMENT AGE REVENUE SOURCES SAVINGS SOCIAL INSURANCE SOCIAL INSURANCE CONTRIBUTIONS SOCIAL INSURANCE FUNDS SOCIAL SECURITY SOCIAL SECURITY BENEFITS SOCIAL SECURITY REFORM SOCIAL SECURITY TAXES STATE ASSETS STATE BANKS STATE ENTERPRISE STATE ENTERPRISES STATE PLANNING STATE SECTOR STATE-OWNED ENTERPRISES TAX RATES TAX REVENUE TAXATION TRADE POLICIES UNEMPLOYMENT WAGES WELFARE EFFECTS
Online Access:	http://documents.worldbank.org/curated/en/2001/02/1003174/implicit-pension-debt-transition-cost-options-impact-chinas-pension-reform-computable-general-equilibrium-analysis http://hdl.handle.net/10986/19708

Internet

http://documents.worldbank.org/curated/en/2001/02/1003174/implicit-pension-debt-transition-cost-options-impact-chinas-pension-reform-computable-general-equilibrium-analysis
http://hdl.handle.net/10986/19708

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