Pensions at a Glance 2013

,

doi:10.1787/pension_glance-2013-en

Cited by 152 publications

(31 citation statements)

References 18 publications

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“…One major barrier to their participation lays in UEPS's high contribution rate; the 28% overall rate (20% for employers and 8% for employees) is 8% higher than the average public pension contribution rate in 25 OECD countries (OECD, 2013).The majority of employees we interviewed considered their urban pension payments to be substantial and some regarded it as unacceptable to contribute 8% of their wages to social insurance. 2 Beyond daily consumption requirements, they reported needing to save money for marriage, children, housing, caring for their parents, etc., and for those earning low-to-moderate wages, the pension fee was felt to be a particularly burdensome expense.…”

Section: The Government and Employees: To Protect Or To Take Advantage?mentioning

confidence: 96%

“…By way of comparison, this coverage rate is much lower than Hong Kong, where only 3% of the entire working population is not covered by any public pension programs (Chan & Guo, 2011). Furthermore, at the international level, all OECD countries have set up mandatory or quasi-mandatory pension plans, either public or private, to achieve quasi-universal coverage (OECD, 2013).…”

Section: Pensions the Statistical Bulletin Of The Ministry Of Human mentioning

confidence: 99%

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What determines pension insurance participation in China? Triangulation and the intertwined relationship among employers, employees and the government

Guo

Tian

Han

et al. 2016

The International Journal of Human Resource Management

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Abstract:The current study draws on the Advocacy Coalition Framework (ACF) to examine what determines employees' pension participation in China. For the purpose of exploring which employees actually receive pension coverage and why, econometric analysis was conducted with China's Employer-Employee Matched Survey data (N=3412). A variety of both individual factors, ranging from age and Hukou status to job characteristics, and macro factors, including interprovincial migration and level of economic development, are all found to predict insurance coverage. Qualitative research results contextualize these findings by discussing the often ambivalent and triangulated relations among employers, employees and government. These three groups primarily use shared core policy beliefs to structure their interactions in the form of advocacy coalitions. Various types of cross-coalition interaction, including negotiation, cooperation and conflict, are examined. These findings carry both theoretical and policy implications.

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Section: The Government and Employees: To Protect Or To Take Advantage?mentioning

confidence: 96%

Section: Pensions the Statistical Bulletin Of The Ministry Of Human mentioning

confidence: 99%

What determines pension insurance participation in China? Triangulation and the intertwined relationship among employers, employees and the government

Guo

Tian

Han

et al. 2016

The International Journal of Human Resource Management

View full text Add to dashboard Cite

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“…The prospective continuation of increases in longevity and population ageing more broadly, and the associated budgetary challenges, especially in relation to health care, long-term care, and pensions, have become pressing concerns for governments in more developed countries (Lee and Tuljapurkar 2000;European Commission 2006;Australian Treasury 2010;Australian Productivity Commission 2013;OECD 2013). Increases in the official normal ages for eligibility for state pensions have been planned in most OECD countries, and rationalised on the basis of forecast longevity gains (Australian Treasury 2013OECD 2013;UK Department for Work and Pensions 2013;Scherbov et al 2014).…”

Section: Introductionmentioning

confidence: 99%

“…Increases in the official normal ages for eligibility for state pensions have been planned in most OECD countries, and rationalised on the basis of forecast longevity gains (Australian Treasury 2013OECD 2013;UK Department for Work and Pensions 2013;Scherbov et al 2014). Indeed in some countries, such as Germany, Finland, and Portugal, pension benefit levels have been linked to life expectancy (Stoeldraijer et al 2013).…”

Section: Introductionmentioning

confidence: 99%

A multi-population evaluation of the Poisson common factor model for projecting mortality jointly for both sexes

Tickle

Parr

2016

J Pop Research

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Mortality forecasts are critically important inputs to the consideration of a range of demographically-related policy challenges facing governments in more developed countries. While methods for jointly forecasting mortality for sub-populations offer the advantage of avoiding undesirable divergence in the forecasts of related populations, little is known about whether they improve forecast accuracy. Using mortality data from ten populations, we evaluate the data fitting and forecast performance of the Poisson common factor model (PCFM) for projecting both sexes' mortality jointly against the Poisson Lee-Carter model applied separately to each sex. We find that overall the PCFM generates the more desirable results. Firstly, the PCFM ensures that the projected male-to-female ratio of death rates at each age converges to a constant in the long run. Secondly, using out-of-sample analysis, we find that the PCFM provides more accurate projection of the sex ratios of death rates, with the advantage being greater for longer-term forecasts. Thus the PCFM offers a viable and sensible means for coherently forecasting the mortality of both sexes. There are also significant financial implications in allowing for the comovement of mortality of females and males properly.

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“…These are situations where statutory retirement age is coupled with mandatory retirement-that is, a country's policies or legislations do not allow a person to work and receive a pension at the same time (OECD 2013;Sonnet et al 2014). Some tax and benefit arrangements were identified previously as incentives for early retirement in most of the so-called industrialised countries -these operated as a way to allow younger generations to enter the labour market (Duval 2003;Blöndal and Scarpetta 1997).…”

mentioning

confidence: 99%