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To overcome the difficulty of seeking new funds for long-term care when public and private resources are severely constrained, a program entitled "Social Security/Long-Term Care" is proposed under which 5% of Social Security cash benefits can be traded (with exemption for low-income people) for a basic level of long-term care protection using social(More)
  • Y P Chen
  • 1988
After identifying the income security system as a tripod structure symbolizing the efforts of the individual, the employer, and the government, the first section of this chapter suggested that economic security is a broader concept than income security, since a person is concerned not only with the acquisition of income and assets but also with the(More)
Using China as a test case, this paper empirically investigates how the development of financial intermediation affects rural-urban income disparity (RUID). Using 20-year province level panel data, we find that the level of financial development is positively correlated with RUID. Examining two subperiods, 1978-88 and 1989-98, we test several competing(More)
The projected implications of population aging, especially the attendant costs of income support and health care, are based on a definition of normal retirement age as age 65, although the retirement age for full Social Security benefits will be raised gradually to age 67 by the year 2027. Should the retirement age be increased beyond what is now scheduled(More)
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