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Pension reforms in urban China and Hong Kong
Author(s)Wai Kam Yu
Journal titleAgeing and Society, vol 27, part 2, March 2007
Pagespp 249-268
Sourcehttp://www.journals.cambridge.org/jid_ASO
KeywordsPensions ; Social policy ; Urban areas ; China ; Hong Kong.
AnnotationThree questions are asked in this study of recent pension reforms in Hong Kong and urban China. What are the causes of the pension reforms in these two economies? What are their key features? What difficulties have been faced by the Hong Kong and Beijing governments during their implementation? As well as enhancing our understanding of the pension schemes in these two countries, this paper contributes to the debate on whether government welfare reforms in responses to economic globalisation are converging on one pattern, an ideal mix of pensions schemes. This paper shows that both convergent and path-dependent processes explain the forms of the measures introduced by the Hong Kong and Beijing governments. They have responded not only to the challenges brought by economic globalisation but also to the legacy of previous policies. Moreover, the welfare effectiveness of the new schemes has been undermined both by the two governments' non-welfare policies, particularly to promote economic growth, and by the constraints created by previous welfare measures. The paper also argues that to develop only a non-contributory comprehensive pension scheme is not the solution to the problem of how best to provide old-age income security, but that this welfare goal principle should be more strongly upheld in pensions reforms. (KJ/RH).
Accession NumberCPA-070305205 A
ClassmarkJJ: TM2: RK: 7DC: 7DR

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