Assessing the Financial Sustainability of China’s Rural Pension System

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ID: 69123
2014
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Abstract
Considering the rapid growth of China’s elderly rural population, establishing both an adequate and a financially sustainable rural pension system is a major challenge. Focusing on financial sustainability, this article defines this concept of financial sustainability before constructing sound actuarial models for China’s rural pension system. Based on these models and statistical data, the analysis finds that the rural pension funding gap should rise from 97.80 billion Yuan in 2014 to 3062.31 billion Yuan in 2049, which represents an annual growth rate of 10.34%. This implies that, as it stands, the rural pension system in China is not financially sustainable. Finally, the article explains how this problem could be fixed through policy recommendations based on recent international experiences.
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wang2014assessingsustainability Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Wang, Lijian;Béland, Daniel;
Journal sustainability
Year 2014
DOI
DOI not found
URL
http://www.mdpi.com/2071-1050/6/6/3271
Keywords
Education environmental effects of industries and plants renewable energy sources environmental sciences history of scholarship and learning. the humanities social sciences

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