Abstract
Under the circumstance of aging phenomenon, Chinas government tried to keep social stability by changing retirement policies. So far, there is no research has systematically evaluated the consistency of the series of policies issued by China's retirement system, or pointed out the advantages and disadvantages of the current retirement policies in China. This paper evaluates Chinas retirement policy (1950-2022) in a quantitative method by PMC-AE index model. Based on the model, it sets nine major variables, including policy level, policy duration, policy nature, target population, release body, policy evaluation, policy input, policy implementation, and policy impact. Results show that the average of PMC index for 14 Chinas retirement policies was 8.21, 3 excellent consistency policies (P10, P11, P14) and 11 perfect consistency policies (P1, P2, P3, P4, P5, P6, P7, P8, P9, P12, P13). Policy 13 Civil Servant Law of the Peoples Republic of China (retirement part) gains the highest score (8.47), and Policy 11Shanghai Urban Employee Pension Insurance Measures scored the lowest (7.97). Therefore, China's retirement policies are generally perfect consistency and low fidelity. The main risk factors are policy implementation and target population. But it gets high marks for policy consistency, effectiveness and input.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call