…One controversial proposal to strengthen the system is to narrow the gap between public and private employee benefits. Another idea is moving the responsibility of managing pensions from villagers and town residents to officials in provincial capitals. Ideally, all the funds would be managed centrally in Beijing. If the funds were consolidated it would be easier for migrant workers to access their now fragmented pensions. That would encourage labor mobility, says Albert Park, a professor of economics at the Hong Kong University of Science and Technology…
Read the article “Chinese Rage at the Pension System” on Bloomberg BusinessWeek by Dexter Roberts (October 31, 2013).
Phone: (852) 3469 2215
IAS 2018 -2020
Lo Ka Chung Building, Lee Shau Kee Campus
The Hong Kong University of Science and Technology
Clear Water Bay, Kowloon, Hong Kong
Get updates from HKUST IEMS
To complete the subscription process,
please click the link in the email we just sent you.
Oops! Subscription Error,
you should try again.
Confirmation Success. Thank you.