[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/bbv/wpaper/1133.html
   My bibliography  Save this paper

Potential outcomes of private pension developments in China

Author

Listed:
  • Javier Alonso
  • Miguel Angel Caballero
  • Li Hui
  • Claudia Llanes Valenzuela
  • David Tuesta
  • Yuwei Hu
  • Yun Cao
Abstract
Despite the fact that China is already one of the most important economies in the world, the country has many big tasks to solve, being one of them the implementation of a comprehensive social agenda, including those related with the old-age stage and the consequently diminishing financial resources upon retirement from active work.. Taking into account the accelerated changes in fertility and longevity trends, it is widely forecasted that the absence of a well developed safety net for the old age stage could undermine economic and social sustainability of the Chinese society. In this sense, the main objective of this paper is to develop a preliminary discussion about prospects of pension system in China, taking into account the ineludible role of government in this social issue and the active potential participation of the private sector. Considering that, this piece of research provides a historical background of Chinese pension; discusses the existing pension schemes in China in order to understand the different areas of future developments; analyzes the potential market for contributory schemes; and strives to develop a model to forecast likely outcomes of the social insurance system by 2020.

Suggested Citation

  • Javier Alonso & Miguel Angel Caballero & Li Hui & Claudia Llanes Valenzuela & David Tuesta & Yuwei Hu & Yun Cao, 2011. "Potential outcomes of private pension developments in China," Working Papers 1133, BBVA Bank, Economic Research Department.
    • Handle: RePEc:bbv:wpaper:1133
    as

    Download full text from publisher

    File URL: https://www.bbvaresearch.com/wp-content/uploads/migrados/WP_1133_tcm348-280307.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Angel De la Fuente & Jose Emilio Bosca, 2011. "Gasto educativo por regiones y niveles en 2005," Working Papers 1119, BBVA Bank, Economic Research Department.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Anping Chen & Nicolaas Groenewold, 2017. "An increase in the retirement age in China: the regional economic effects," Applied Economics, Taylor & Francis Journals, vol. 49(7), pages 702-721, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dal Bianco, Marcos & Camacho, Maximo & Perez Quiros, Gabriel, 2012. "Short-run forecasting of the euro-dollar exchange rate with economic fundamentals," Journal of International Money and Finance, Elsevier, vol. 31(2), pages 377-396.
    2. Maximo Camacho & Jaime Martinez-Martin, 2014. "Real-time forecasting US GDP from small-scale factor models," Empirical Economics, Springer, vol. 47(1), pages 347-364, August.
    3. Juan Ordaz Diaz & Adolfo Albo, 2011. "Migracion mexicana altamente calificada en Estados Unidos y transferencia de Mexico a Estados Unidos a traves del gasto en la educacion de los migrant," Working Papers 1125, BBVA Bank, Economic Research Department.
    4. Ye, Guangliang & Deng, Guoying & Li, Zhigang, 2014. "Mortgage rate and choice of mortgage length: A quasi-experimental evidence from Chinese transaction-level data," Journal of Housing Economics, Elsevier, vol. 25(C), pages 96-103.
    5. Enestor Dos Santos & Diego Torres Torres & David Tuesta, 2011. "A review of recent infrastructure investment in Latin America and the role of private pension funds," Working Papers 1137, BBVA Bank, Economic Research Department.
    6. Enestor Dos Santos, 2011. "Brazil on the global finance map: an analysis of the development of the Brazilian capital market," Working Papers 1135, BBVA Bank, Economic Research Department.
    7. De La Fuente, Angel & Doménech, Rafael, 2013. "The financial impact of Spanish pension reform: A quick estimate," Journal of Pension Economics and Finance, Cambridge University Press, vol. 12(1), pages 111-137, January.
    8. Zhigang Li & Mingqin Wu, 2013. "Estimating The Incidences Of The Recent Pension Reform In China: Evidence From 100,000 Manufacturers," Contemporary Economic Policy, Western Economic Association International, vol. 31(2), pages 332-344, April.
    9. Javier Alonso & Claudia Llanes Valenzuela & David Tuesta & Miguel Angel Caballero & Li Hui & Yun Cao, 2011. "Posibles consecuencias de la evolucion de las pensiones privadas en China," Working Papers 1134, BBVA Bank, Economic Research Department.
    10. Maximo Camacho & Agustin Garcia-Serrador, 2011. "The Euro-Sting revisited: PMI versus ESI to obtain euro area GDP forecasts," Working Papers 1120, BBVA Bank, Economic Research Department.
    11. Correa-López Mónica & de Blas Beatriz, 2012. "International Transmission of Medium-Term Technology Cycles: Evidence from Spain as a Recipient Country," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(1), pages 1-52, November.
    12. Enestor Dos Santos & Diego Torres Torres & David Tuesta, 2011. "Una revision de los avances en la inversion en infraestructura en Latinoamerica y el papel de los fondos de pensiones privados," Working Papers 1136, BBVA Bank, Economic Research Department.
    13. Li, Zhigang & Yu, Xiaohua & Zeng, Yinchu & Holst, Rainer, 2012. "Estimating transport costs and trade barriers in China: Direct evidence from Chinese agricultural traders," China Economic Review, Elsevier, vol. 23(4), pages 1003-1010.
    14. Adolfo Albo & Juan Ordaz Diaz, 2011. "Highly qualified Mexican immigrants in the U.S," Working Papers 1126, BBVA Bank, Economic Research Department.
    15. Juan Ramon Garcia, 2011. "Youth unemployment in Spain: causes and solutions," Working Papers 1131, BBVA Bank, Economic Research Department.

    More about this item

    Keywords

    Other Private Financial Institutions; Pension Funds; Social Security; Public Pensions;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bbv:wpaper:1133. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSCAR DE LAS PENAS SANCHEZ-CARO (email available below). General contact details of provider: https://edirc.repec.org/data/ebbvaes.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.