Possible reforms of the Chinese welfare state
Is it possible to allow more people to share the benefits of high growth without choking the economic performance? If so, what institutional arrangements can achieve such goal? This subproject aims at addressing these questions by undertaking a systematic evaluation of the (limited) Chinese welfare state, and possible reforms of it, within a fully specified general equilibrium model of the economic transformation.
The sub-project will focus on three growing cleavages; the differences between
- young and old generations
- urban and rural areas
- workers and entrepreneurs/capitalists