Improving Equity and Sustainability of Social Protection System in China

The segmentation of the social protection system in China makes the system inequitable and inefficient.Employees in the public sector, particularly civil servants, are overprotected,while employees in the nonpublic sector,especially farmers and rural migrant workers,are underprotected. Segmented pension insurance system impedes labor mobility and increases administrative costs.The polices,such as implementation of the New Rural Cooperative Medical System,New Rural Old-age Insurance Scheme, as well as the po...