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| Author: | Li, Zhen |
| Title: | The personal account system of social security: risk and control over it (original in Chinese) |
| Journal: | Management World (c)
1997 : 6, p.183-189 |
| Index terms: | SOCIAL SECURITY LIFE INSURANCE CHINA |
| Language: | chn |
| Abstract: | The first pillar of China's social security is the system combining social centralized planning with personal account. The personal account system as a savings system is facing the risk of aging population. When the proportion of the aged population to the total population is considerably large, providing regularly income for the retired will be bound to have an effect of pouring oil on the flames on inflation. Viewed from the course of accumulation of pension, personal pension account system is facing risk. The measures to control it are to reduce the weight of personal account system in the economic security system for the whole old people, and to increase output and total consumption supply. In terms of fund management system, the model of company management may be adopted for the partial funds of personal account. |
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