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Economic efficiency and social insurance reforms in China
Author(s) -
Li H.
Publication year - 2000
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.2000.tb00017.x
Subject(s) - restructuring , china , pillar , pension insurance , social insurance , economic efficiency , economics , business , pension , public economics , finance , actuarial science , market economy , structural engineering , political science , law , engineering
This study discusses efficiency issues related to social insurance provisions and their implications for the newly established three‐pillar pension system and three‐tier health insurance system in China. It shows that these new systems can be improved substantially through some restructuring to reduce efficiency losses. The discussion of efficiency consequences focuses on correction for market failure and alternative mechanisms for financing and providing social insurance benefits. Alternative methods for financing the transition are also discussed.