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Financial Security of Elders in China

Yang Cheng and Mark Rosenberg

Social and Economic Dimensions of an Aging Population Research Papers from McMaster University

Abstract: China is one of the largest countries in the world in terms of both geography and population size, with lower economic levels compared to the developed countries, and great regional differences. This paper introduces the rapid demographic changes of the Chinese population and the current financial security of elders in China. The World Bank’s multi-pillar model is used to explain the financial security of elders in China, which includes the current pension and health care systems in urban and rural areas in China respectively. The important issues of financial security of elders which the Chinese government should address in the near future are also discussed. The paper concludes with a consideration of the results of social welfare system reforms by the Chinese government and future research interests from a geographer’s perspective.

Keywords: Financial security; elders; social welfare system; China (search for similar items in EconPapers)
JEL-codes: I31 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2009-01
New Economics Papers: this item is included in nep-age, nep-cna and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:mcm:sedapp:241

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