| THE RATE OF RETURN ON CAPITAL FOR PENSION SYSTEM IN CHINA |
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| 引用本文： | Yunyun JIANG1 Ruoen REN2 1,2 School of Economics and Management,Beihang University,Beijing,100083,China. THE RATE OF RETURN ON CAPITAL FOR PENSION SYSTEM IN CHINA[J]. 系统科学与系统工程学报(英文版), 2006, 15(4): 465-473. DOI: 10.1007/s11518-006-5024-4 |
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| 作者姓名： | Yunyun JIANG1 Ruoen REN2 1 2 School of Economics and Management Beihang University Beijing 100083 China |
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| 作者单位： | Yunyun JIANG1 Ruoen REN2 1，2 School of Economics and Management，Beihang University，Beijing，100083，China |
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| 摘 要： | 1. Introduction As far as the foundation of pension is concerned, China is far from maturity. As matter of fact, the imbalance between income and expenditure on pension has been aggravating over past several years. As statistics shows, there were 5 cities suffering from the imbalance between income and expenditure in 1997, but the number skyrocketed to 21 in 1998, and 25 in 1999 (Ministry of Labor and Social Security, PRC. 2001). Contribution rate for pension in China went up rapidly from …
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| 关 键 词： | 中国 养老金制度 个体计算 资本收益率 |
The rate of return on capital for pension system in China |
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| Yunyun Jiang,Ruoen Ren. The rate of return on capital for pension system in China[J]. Journal of Systems Science and Systems Engineering, 2006, 15(4): 465-473. DOI: 10.1007/s11518-006-5024-4 |
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| Authors: | Yunyun Jiang Ruoen Ren |
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| Affiliation: | School of Economics and Management, Beihang University, Beijing, 100083, China |
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| Abstract: | The rate of return on capital is a key parameter in pension reform policy making. While evaluating pension reform, the method Feldstein proposed to measure the rate of return on capital is widely adopted. Here we calculate the rate of return on capital in China by this method. The calculation demonstrates that the rate of return on all the industrial enterprises is around 6.5 percent from 1996 to 2000, and the average rate of return on state-owned industrial enterprises is lower than the above figure by 1.5 percent during the same period. Finally, we draw a conclusion that the rate of return ranging from 5 to 7 percent is appropriate for the pension reform in China. |
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| Keywords: | The rate of return on capital pension reform individual account |
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