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Comparison of Old-age Pension Policy in China and Russia: the Common and the Specific
[journal article]
Abstract In the process of transforming from planned economy to market economy, both China and
Russia faced the issue of pension reform. There are similarities in the reform and development
process and the system model of the pension security system in China and Russia. Transition
from planned economy to ... view more
In the process of transforming from planned economy to market economy, both China and
Russia faced the issue of pension reform. There are similarities in the reform and development
process and the system model of the pension security system in China and Russia. Transition
from planned economy to market economy and aggravation of population aging are main
reasons for the reform of pension system in both countries. Under the influence of the World
Bank and other international organizations, China and Russia have gradually established
a multi-tier pension system, with the state, enterprises and individuals sharing the pension
costs. Differences also exist in the old-age security system of China and Russia.... view less
Keywords
China; Russia; pension policy; reform; pension insurance; provision for old age
Classification
Social Security
Document language
English
Publication Year
2020
Page/Pages
p. 68-82
Journal
Administrative Consulting (2020) 7
ISSN
1816-8590
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0