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Reforming PensionsPrinciples and Policy Choices$
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Nicholas Barr and Peter Diamond

Print publication date: 2008

Print ISBN-13: 9780195311303

Published to Oxford Scholarship Online: September 2009

DOI: 10.1093/acprof:oso/9780195311303.001.0001

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China: Potential Directions for Reform

China: Potential Directions for Reform

(p.269) 15 China: Potential Directions for Reform
Reforming Pensions

Nicholas Barr (Contributor Webpage)

Peter Diamond (Contributor Webpage)

Oxford University Press

This chapter sets out a series of recommendations to strengthen the pension system of China in ways compatible with China's capacity to implement reforms effectively. It first discusses overall structure and administration. It then considers options for the basic pension, individual accounts, and voluntary pensions, respectively. The chapter also discusses issues connected with the age of retirement, and finally it considers ways of extending coverage to more of the population.

Keywords:   basic pension, China, coverage, individual accounts, legacy costs, notional defined-contribution pensions, retirement age, rural pensions, voluntary pensions

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