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Centre for Policy on Ageing | |
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A long financial march
— pension reform in China | | Author(s) | Daniel Béland, Ka Man Yu |
| Journal title | Journal of Social Policy, vol 33, no 2, April 2004 |
| Pages | pp 267-288 |
| Source | http://www.journals.cambridge.org |
| Keywords | Pensions ; Social policy ; China. |
| Annotation | The People's Republic of China has attempted to reshape its public pension system in the context of rapid economic and demographic change. Although China's current pension system has drawn the attention of many policy analysts, no theoretically informed account on the politics of Chinese pension reform has yet been published. Grounded in a broad institutionalist perspective, this contribution analyses contemporary pension politics in China through the interplay of four main factors. First is decentralisation and limited administrative capacity which makes it difficult to rationalise and transform the existing pension system. Second, feedback effects from previously enacted pension schemes that further complicate policy change. Third, liberalisation and economic reforms which have created "vested interests" in the newly established private sector, but which have lacked the strength to generate a mature financial system. Finally, the apparent dominance of the neo-liberal financial paradigm commonly associated with the World Bank. While this financial paradigm favours the adoption of new reform proposals, the economic and institutional factors mentioned above complicate their implementation. (RH). |
| Accession Number | CPA-040604206 A |
| Classmark | JJ: TM2: 7DC |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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