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Financial security of urban retirees
1Department of Sociology, Yale University, Yale Station, PO Box 1965, 06520, New Haven, CT, USA.
Journal of Cross-Cultural Gerontology
|January 7, 2014
Summary
Post-Mao economic reforms impacted urban pensioners
Area of Science:
- Social Sciences
- Economics
- Sociology
Background:
- Post-Mao economic reforms in China.
- Shift towards privatization and market economy.
- Impact on social welfare systems.
Purpose of the Study:
- Analyze the financial security of urban pensioners.
- Examine pension value changes and gender disparities.
- Investigate the role of post-retirement employment.
Main Methods:
- Analysis of official statistical yearbooks and scholarly journals.
- Qualitative data from interviews with urban retirees (1979-1992).
Main Results:
- Reforms did not create a financially disadvantaged elderly class.
- Initial increase in male-female financial inequalities observed.
- Heightened long-term financial insecurity reported by 1990/1992.
Conclusions:
- Despite economic changes, widespread financial disadvantage was avoided.
- Inflation and exclusive high-paying jobs fuel insecurity.
- Long-term pension adequacy concerns persist among urban elderly.
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