China: A Vision for Pension Policy Reform

Dorfman, Mark C.; Holzmann, Robert; O’Keefe, Philip; Wang, Dewen; Sin, Yvonne; Hinz, Richard

doi:10.1596/9780821395400_china

Cited by 2 publications

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“…With the NRPS, introduced in 2009 and cemented in 2011, the older generation is better safeguarded from old age poverty. The Chinese government has the ambition to implement a unified and standardized pension system to cover its rural and urban population before 2020 (Dorfman 2010 ; Dorfman et al 2012 ; Zheng and Zhong 2016 ).…”

Section: Contextual Factorsmentioning

confidence: 99%

Are the Chinese Saving for Old Age?

2016

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Worldwide, older people’s support used to be the adult children’s responsibility. In China, two generations after introducing the one-child policy in the late 70-ies, this becomes an increasingly demanding obligation. The Chinese government took the responsibility to mitigating old- age poverty risks and realized unprecedented progress in pension coverage. At the same time, the household savings increased to about 30 % of disposable income. Built on previous research on the politics of ageing, this study analyses households responses to the established governmental and firm pension programs as well as to the New Rural Pension Scheme (NRPS), introduced in 2009. The central question is: will participation in the established and new pension programs lead to higher current Chinese household expenditures and therefore to lower savings? The China Health and Retirement Longitudinal Study (CHARLS) dataset of 2011 offered the opportunity to study the influence of the recently introduced NRPS. We find that Chinese households with members between 45 and 60 years who expect future benefits of NRPS do not have higher expenditures than those not covered by NRPS. For the participants in the established, mostly urban pension programs a correlation was found with higher current expenditures (28 % more spending on basic needs, 80 % more on luxury) However, further analysis shows that this correlation cannot be interpreted as a causal relationship. This implies that coverage by pensions, be it in urban or rural programs, does not determine higher current expenditures and lower savings.

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Section: Contextual Factorsmentioning

confidence: 99%

Are the Chinese Saving for Old Age?

2016

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“…Influenced by the long-term low wage policy, the oldest old people have few savings. Additionally, due to China’s undeveloped pension system, most older people have very low pensions, with an average level of 100 to 200 RMB (Ren Min Bi, Chinese Yuan, about 14.64 to 29.28 dollars in September 2020) per month [ 27 , 28 ]. The proportion of older adults aged 80 years and older receiving the old age allowance is 13.64% [ 29 ], and the old age allowance in most regions is only 100 RMB (about 14.64 dollars in September 2020) per month [ 30 ].…”

Section: Introductionmentioning

confidence: 99%

Influencing Factors of Undermet Care Needs of the Chinese Disabled Oldest Old People When Their Children Are Both Caregivers and Older People: A Cross-Sectional Study

Zhang

Liu

2020

Healthcare

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We examined the influencing factors of the undermet care needs of the Chinese disabled oldest old people when their children are both caregivers and are themselves older people. Data were obtained from a cross-sectional survey: the Chinese Longitudinal Healthy Longevity Survey (CLHLS) in 2018. The study participants included 1617 disabled oldest old people whose primary caregiver were their children or children-in-law and were aged 60 years and over. The results showed that the prevalence of undermet needs remained high, with 49.6% disabled oldest old people reporting undermet care needs. Binary logistic regression analysis revealed that living in a rural area (OR = 1.309, 95% CI = 1.133–1.513) and a higher frailty index (OR = 1.103, 95% CI = 1.075–1.131) were significantly positively associated with higher odds for undermet care needs, while a higher annual household income (OR = 0.856, 95% CI = 0.795–0.923), more financial support from children (OR = 0.969, 95% CI = 0.941–0.997), higher care expenditures (OR = 1.044, 95% CI = 1.002–1.088), better caregiver’s performance (OR = 0.282, 95% CI = 0.196–0.407) and sufficient income to pay for daily expenses (OR = 0.710, 95% CI = 0.519–0.973) were significantly inversely associated with higher odds for undermet care needs. This evidence suggests the importance of policies to establish a community-based socialized long-term care system and supporting family caregivers of the disabled oldest old people.

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China: A Vision for Pension Policy Reform

Cited by 2 publications

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Are the Chinese Saving for Old Age?

Are the Chinese Saving for Old Age?

Influencing Factors of Undermet Care Needs of the Chinese Disabled Oldest Old People When Their Children Are Both Caregivers and Older People: A Cross-Sectional Study

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