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Journal ArticleDOI

Comparison and Evaluation of China’s Urban Social Security Financing System Before and After the Reform

18 Nov 2021-China Report (SAGE Publications)-pp 000944552110543
About: This article is published in China Report.The article was published on 2021-11-18 and is currently open access. It has received 1 citations till now. The article focuses on the topics: Social security & China.
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Journal ArticleDOI
TL;DR: In this paper, a review traces and compares two schools of thought regarding social security systems and compares them with the current state of the art in the field of social security research, and concludes that "Understanding the development of Social Security systems constitutes the ultimate goal of social science research".
Abstract: Understanding the development of social security systems constitutes the ultimate goal of social security research. This review traces and compares two schools of thought regarding social security ...

1 citations

References
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ReportDOI
TL;DR: In this article, the authors use the Auerbach-Kotlikoff dynamic life-cycle model (AK model) to examine the macroeconomic and efficiency effects of privatizing social security.
Abstract: This paper uses the Auerbach--Kotlikoff dynamic life-cycle model (AK model) to examine the macroeconomic and efficiency effects of privatizing social security. It also uses a simple privatization proposal, the Personal Security System, as a framework to discuss a number of other issues associated with privatizing social security, including transition rules and changes in the overall degree of progressivity. According to the AK model's simulations, privatizing social security can generate very major long-run increases in output and living standards. These gains come largely, but not exclusively, at the expense of existing generations. Indeed, the pure efficiency gains from privatization can be substantial. The term efficiency gains refers here to the welfare improvement available to future generations after existing generations have been fully compensated for their losses from privatization. The precise size of the efficiency gain depends on the existing tax structure, the linkage between benefits and taxe...

113 citations

Journal ArticleDOI
TL;DR: In this paper, the authors use historical data on investment returns and labor income from 16 countries to quantify the value and risk of defined contribution pension plans, building frequency distributions of pension fund and pension replacement ratios for each country.
Abstract: We use historical data on investment returns and labor income from 16 countries to quantify the value and risk of defined contribution pension plans, building frequency distributions of pension fund and pension replacement ratios for each country. We show that pension risk is substantial and find that pension fund ratios are lower and less variable than when the correlation between wage growth and investment returns is ignored, typically halving the median pension fund ratio. We also show that an all-equity fund is the dominant investment strategy across all countries, although sometimes a life-cycle strategy insures against downside risk.

11 citations

Journal ArticleDOI
Guan Huang1
02 Jul 2020
TL;DR: Whether the development of China’s urban social security system is converging with or diverging from the western model is explored by comparing its structure, both in principle and reality, and the modification mechanism of this system with the arguments presented by the generally accepted theories.
Abstract: China’s urban social security system has recently undergone extensive modification, though the future of this system’s structure and benefit level are still in question. This study aims to explore ...

4 citations

Journal ArticleDOI
TL;DR: In this article, the authors investigated the inheritance dispute resolution in Chinese society in the city of Gorontalo in the Straits Chinese community in the Cayman Islands, and found that the inheritance resolution process is conducted in the sphere of the family, and trying not to let the issue be brought to the level of the Court, because Chinese society is considered a disgrace if family until there is a dispute between the fellow's family just because a matter of inheritance.
Abstract: The purpose of this research is (1) to know the implementation of the Division of property of the heritage of indigenous people in the Chinese community in the city of Gorontalo, (2) to find out how to dispute the inheritance in Chinese society in the indigenous town of Gorontalo. This type of research is empirical legal research, legal research is the socio-type research, engineering analysis with qualitative data sourced from primary data and secondary data. In addition to using normative approaches, sociology and historical approach. Based on the results of the research, it can be concluded that (1) the implementation of the Division of indigenous heritage in Chinese society in the city of Gorontalo is based on an agreement with the family (the heir). Whereas in the Straits Chinese community assimilated local customs in this custom of Gorontalo, embraced the parental kinship system, in which seat boys and girls equally so in the Division of the inheritance rights of boys and girls equal rights, (2) on the Chinese community in the city of Gorontalo, rarely there is a dispute of inheritance. If there is a dispute, then how are customary inheritance dispute resolution on the Chinese community in the city of Gorontalo is by way of a limited discussion in the sphere of the family, and trying not to let the issue be brought to the level of the Court, because Chinese society is considered a disgrace if family until there is a dispute between the fellow's family just because a matter of inheritance

1 citations