Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53688
Authors: 
Dewen, Wang
Year of Publication: 
2010
Series/Report no.: 
ADBI working paper series 215
Abstract: 
This paper reviews the development of the social security system and trends in the urban labor market in the People's Republic of China (PRC). Despite its remarkable economic achievement, the PRC faces a difficult path before it can reform and improve its social security system and provide basic support for all of its people. The unemployment shock has caused rural and urban household income to decrease and has thus slowed down household consumption growth. The provision of broader social security would not only mitigate unemployment shocks in the short term, but it would also guarantee individuals and households more security for spending that could reduce the high savings rate and help achieve a balanced growth path in the long run. The author's findings argue that households with social security coverage spend more and income distribution among urban households is improved through public transfers.
JEL: 
D12
H55
J26
D63
Document Type: 
Working Paper

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