Title: Implicit pension debt, transition cost, options and impact of China's pension reform
Description: China's population is aging rapidly: the old age dependency ratio will rise from 11 percent in 1999 to 25 percent in 2030 and 36 percent in 2050. Currently, three workers support one retiree; without reform, the system dependency ratio will climb to 69 percent in 2030 and 79 percent in 2050. The pension system has been in deficit, with an implicit pension debt in 2000 as high as 71 percent of GDP. The lack of an effective sustainable pension systemn is a serious obstacle to Chinese economic reform.
Subjects: Pensions, Finance, Social security, Old age pensions, Social policy, Economic policy, Computable general equilibrium models
Places: China
Time periods: 2000-