Chapter 5. Social Security Reform for Sustainability and Equity
Author:
Mauricio Soto
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Mr. Sanjeev Gupta
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Language:
English
Print Publication Date:
14 Jan 2017
Keywords:
BOOK; government; China; pension; rate; local government; staff Pensions; retirement age; enterprise worker; nonsal-aried worker; staff pension right; Pensions; Public employment; Aging; Civil service

Abstract

China’s population is aging rapidly. The old-age dependency ratio (the population ages 65 and older as a share of the population 15–64) is projected to increase from 13 percent in 2015 to 47 percent in 2050.1 This is a relatively fast increase compared to the rest of the world, where the old-age dependency ratio is expected to only double over this period. By 2050, China’s old-age dependency ratio will be at about the level projected for the developed economies.

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Cover Modernizing China
Modernizing China
Investing in Soft Infrastructure
ISBN:
9781513539942
Publication Date:
14 Jan 2017
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781513539942.071
Pages:
388