The Efficiency Evaluation of China's Urban Pension System: Using Factor Analysis and the Analytic Hierarchy Process

Xiaowei Zhang; Ying Zhang; Dasong Deng
March 2012
International Journal of Digital Content Technology & its Applic;Mar2012, Vol. 6 Issue 4, p33
Academic Journal
In the next 40 years, China will face a rapid population aging. The demographic change may result in great increase demand of pension system. This paper provides a method combined with objective and subjective to evaluate the efficiency of China's Urban Pension System which is called "China's Basic Pension System". We firstly classify the twelve indicators into four factors using factor analysis, then exploits the specific evaluation of China's Urban Pension System in 31 regions through the Analytic Hierarchy Process .This paper draws a conclusion that Firstly, China's urban pension system runs not very well in general and the efficiency of northern regions is significantly higher than that of southern regions. Secondly, economy affects the development of urban pension system in different regions of China, but it is not the key factor; rich region doesn't have excellent pension system.


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