- Article
A Study on Fiscal Risk of China’s Employees Basic Pension System under Longevity Risk
- Min Le,
- Xinrong Xiao,
- Dragan Pamučar and
- Qianling Liang
It is generally accepted that China’s Employees Basic Pension System (CEBPS) cannot cover its expenses. The government needs to fill the gap in income and expenditure with fiscal revenue to ensure sustainability of the system, which may cause it to t...