CHINESE PENSION SYSTEM

June 9, 2010 at 7:14 pm | Posted in China, Economics, Financial, Research | Leave a comment

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[pensions]

H Oksanen: The Chinese pension system

oksanhe (heikki.oksanen@ec.europa.eu)

Wed 6/09/10

Dear Colleague

Please note that my paper “The Chinese pension system — first results on assessing the reform options”, is published as No 412 at

http://ec.europa.eu/economy_finance/publications/economic_paper/2010/index_en.htm

Abstract
The aim of this paper is to analyse options for reforming the fragmented Chinese pension system that covers only 55 % of urban employees and a very small part of the rural population. After a brief history of pensions in China we present recent reform proposals and then discuss principles of pension reforms, with particular attention to reducing the pension contribution rates so that compliance could improve and coverage increase. As the Chinese population is ageing fast, we are presenting transition to a notional defined contribution (NDC) system as a model for adjusting the pension rules for increasing longevity. Transforming the accrued pension rights into NDC accounts and starting to apply the new NDC-inspired rules on indexation is not necessarily a jump into the unknown for the Chinese pensions system. Rather, it could be a useful and long-awaited clarification to the rules and a way to move towards a more uniform system nationwide. With the help of a simulation model based on Chinese data we produce scenarios for a range of pension reforms and assess their properties.

I hope you enjoy reading it. Please feel free to forward it to your colleagues and anybody potentially interested. Comments for further work are most welcome.
Heikki Oksanen
Adviser (Mr.)

Eur
opean Commission
Directorate General for Economic and Financial Affairs

Email: Heikki.Oksanen@ec.europa.eu

[pensions]

H Oksanen: The Chinese pension system

http://ec.europa.eu/economy_finance/publications/economic_paper/2010/index_en.htm

oksanhe (heikki.oksanen@ec.europa.eu)

Wed 6/09/10

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“GOVERNING THE FUTURE” CONFERENCE: PARIS JUNE 14 2010

June 9, 2010 at 3:49 pm | Posted in France, Globalization, History, Research, World-system | Leave a comment

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“Conceiving the Future” with Matthew Connelly

(Columbia) at Sciences Po June 14

The Columbia-Paris Alliance Program is pleased to present a one day conference on “Governing the Future” at the CERI, Sciences Po, including a presentation on:

Conceiving the Future: Population Projections

and the Political Uses of Prevision?

Matthew Connelly, Columbia University

Discussed by Jenny Andersson, Sciences Po

Monday June 14 2010

2:30 pm – 4:00 pm

CERI, 56 rue Jacob, 75006 Paris Room Jean Monnet

Vanessa Scherrer (vcs2002@columbia.edu)

Wed 6/09/10

This event is free and open to the public.

This discussion is part of a one-day conference on “Governing the Future. Knowledge and Policy Making” organized by Jenny Andersson (Sciences Po-CERI) and Ariel Colonomos (Sciences Po-CERI). This workshop brings together different scholars from different disciplines who share a common interest in the study and the history of the future as well as in the analysis of the political uses of predictions. The different presentations will underline the role of knowledge, future technologies and expertise. Featured speakers from Sciences Po include: Jenny Andersson, Ariel Colonomos, Ivan Manokha and Jérôme Sgard.

A Professor at Columbia University, Matthew Connelly works in international and global history. His publications include Fatal Misconception: The Struggle to Control World Population (2008) and A Diplomatic Revolution: Algeria’s Fight for Independence and the Origins of the Post-Cold War Era (2002). In addition to publishing in academic journals in the US and in Europe, he has also written articles on foreign policy in The Atlantic Monthly and The National Interest. Matthew Connelly received his B.A. from Columbia (1990) and his Ph.D. from Yale (1997)

For a detailed program of the conference, click here

The Alliance Program is a joint venture between Columbia University, the Ecole Polytechnique, Sciences Po and the Universite Paris I Pantheon Sorbonne. For further information please see: http://www.columbia.edu/cu/alliance

Vanessa Scherrer
Director of the Alliance Program. Visiting Professor at SIPA
Columbia University 1232 International Affairs Building
420 West 118th Street New York, NY 10027
Tel: 1-212-854-2056
http://www.columbia.edu/cu/alliance

“Conceiving the Future”, with Matthew Connelly

(Columbia) at Sciences Po June 14

The Columbia-Paris Alliance Program is pleased to present a one day conference on “Governing the Future” at the CERI, Sciences Po, including a presentation on:

Conceiving the Future: Population Projections

and the Political Uses of Prevision?

Matthew Connelly, Columbia University

Discussed by Jenny Andersson Sciences Po

Monday June 14 2010

2:30 pm – 4:00 pm

CERI, 56 rue Jacob, 75006 Paris Room Jean Monnet

Vanessa Scherrer (vcs2002@columbia.edu)

Wed 6/09/10

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FED CHAIRMAN BERNANKE TESTIMONY

June 9, 2010 at 10:51 am | Posted in Economics, Financial, Research, USA | Leave a comment

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Board of Governors of the Federal Reserve

System

Testimony by Chairman Bernanke on economic

and financial conditions and the federal budget

Federal Reserve Board Notification

Wed 6/09/10

Testimony by Chairman Bernanke on economic and financial conditions and the federal budget

Before the Before the Committee on the Budget, U.S. House of Representatives, Washington, D.C.

http://www.federalreserve.gov/newsevents/testimony/bernanke20100609a.htm

Released by the Board of Governors of the Federal Reserve System

Schedule of upcoming postings to the Board’s website
List of items posted to the Board’s website over the past two weeks

If you have any questions or problems e-mail support@govdelivery.com for assistance.

Visit us on the web at www.federalreserve.gov.

Federal Reserve Board · 20th Street and Constitution Avenue

NW · Washington DC 20551 · Phone: 202-452-3000

Testimony by Chairman Bernanke on economic and

financial conditions and the federal budget

Federal Reserve Board Notification

Board of Governors of the Federal Reserve System

www.federalreserve.gov

Wed 6/09/10

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