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The Social Protection System in Ageing C hina
Author(s) -
Cai Fang,
Du Yang
Publication year - 2015
Publication title -
asian economic policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.58
H-Index - 20
eISSN - 1748-3131
pISSN - 1832-8105
DOI - 10.1111/aepr.12103
Subject(s) - pension system , productivity , social protection , economics , population ageing , cover (algebra) , labour economics , population , pension , economic growth , engineering , finance , medicine , environmental health , mechanical engineering
C hina has made great progress in weaving its social safety net in the new century. By constructing the three pillars of its social protection system – the pension system, the medical care system, and social assistance – C hina is trying to cover all its people under the system. Regardless of these great achievements in coverage, C hina has been facing challenges in the era of population ageing. In addition, the system per se needs to be integrated among various groups of people. Sustaining and strengthening the three pillars will rely on labor productivity improvement, adequate choices of welfare, and efficiency improvements.