Other Reform Options to Improve Equity and Labor Markets
|2015||2030||2050||Present Discounted Value|
(Percent of 2015 GDP)
|Impact of Reforms to Enhance Equity and Labor Incentives|
|(Percentage points of GDP)|
|1. Increase Base Benefit for Urban and Rural Residents1|
|Urban and Rural Residents||0.0||2.0||3.3||58|
|2. Gradually Reduce Contribution Rate2|
|Urban Workers and Staff from 28 to 24 percent||0.0||–0.4||–0.4||–9|
Positive = increase in spending.
Positive = increase in revenue.