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Policy

2007

Washington University in St. Louis

Articles 1 - 5 of 5

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中国农村资产社会政策: 社会养老保险制度的变革 [Asset-Based Policy In Rural China: An Innovation In The Retirement Social Insurance Program], Baorong Guo, Jin Huang, Li Zou, Michael Sherraden Jul 2007

中国农村资产社会政策: 社会养老保险制度的变革 [Asset-Based Policy In Rural China: An Innovation In The Retirement Social Insurance Program], Baorong Guo, Jin Huang, Li Zou, Michael Sherraden

Center for Social Development Research

In response to the growing rural-urban inequality, China is undertaking a series of policy initiatives to promote rural development. In addition to redistributive policies aiming at social protection, asset-based policy, which integrates social protection and social investment, is another viable option for progressive rural development. In 1998, the Hutubi local government in the Xinjiang Uygur Autonomous Region of China implemented an innovative retirement program which allows account holders to use accounts as legal collateral to borrow small loans and invest in productive assets such as farming supplies and equipment, education, and small businesses. Using the data gathered by the program …


中国呼图壁养老保险质押贷款项目双重激: 励和双重资产积累 [Dual Incentives And Dual Asset Building: The Hutubi Rural Social Security Loan Program In China], Baorong Guo, Jin Huang, Michael Sherraden, Li Zou Jul 2007

中国呼图壁养老保险质押贷款项目双重激: 励和双重资产积累 [Dual Incentives And Dual Asset Building: The Hutubi Rural Social Security Loan Program In China], Baorong Guo, Jin Huang, Michael Sherraden, Li Zou

Center for Social Development Research

The Hutubi Rural Social Security Loan program is a policy innovation in a rural area of China by loaning savings in social security accounts back to peasants for them to purchase assets for agricultural and other development. In contrast to the nationwide recession in rural social security, this program has shown its success in proliferating rural social security funds and retaining social security participants. With a focus on the administrative data of the loan program, this study aims to provide an in-depth understanding of the loan program and examine how asset building is possible for the poor when institutional incentives …


Dual Incentives And Dual Asset Building: The Hutubi Rural Social Security Loan Program In China, Baorong Guo, Jin Huang, Michael Sherraden, Li Zou Jul 2007

Dual Incentives And Dual Asset Building: The Hutubi Rural Social Security Loan Program In China, Baorong Guo, Jin Huang, Michael Sherraden, Li Zou

Center for Social Development Research

The Hutubi Rural Social Security Loan program is a policy innovation in a rural area of China by loaning savings in social security accounts back to peasants for them to purchase assets for agricultural and other development. In contrast to the nationwide recession in rural social security, this program has shown its success in proliferating rural social security funds and retaining social security participants. With a focus on the administrative data of the loan program, this study aims to provide an in-depth understanding of the loan program and examine how asset building is possible for the poor when institutional incentives …


Welfare Reform And Asset Accumulation: Asset Limit Changes, Financial Assets, And Vehicle Ownership, Yunju Nam Jul 2007

Welfare Reform And Asset Accumulation: Asset Limit Changes, Financial Assets, And Vehicle Ownership, Yunju Nam

Center for Social Development Research

Objective. Over the past decade, federal and state governments have substantially liberalized asset limits in welfare. This paper examines whether this policy change promotes asset accumulation among the target population of actual and potential welfare recipients. Methods. Utilizing household data from the Panel Study of Income Dynamics and state data, this study employs a difference-in-difference approach in order to determine whether state asset limits affect the target population’s financial and vehicle asset accumulation. This study develops a new policy measure that considers the time period following the adoption of liberalized asset limits. Results. Analysis results suggest that increased asset limits …


Asset-Based Policy In Rural China: An Innovation In The Retirement Social Insurance Program, Baorong Guo, Jin Huang, Li Zou, Michael Sherraden Jul 2007

Asset-Based Policy In Rural China: An Innovation In The Retirement Social Insurance Program, Baorong Guo, Jin Huang, Li Zou, Michael Sherraden

Center for Social Development Research

In response to the growing rural-urban inequality, China is undertaking a series of policy initiatives to promote rural development. In addition to redistributive policies aiming at social protection, asset-based policy, which integrates social protection and social investment, is another viable option for progressive rural development. In 1998, the Hutubi local government in the Xinjiang Uygur Autonomous Region of China implemented an innovative retirement program which allows account holders to use accounts as legal collateral to borrow small loans and invest in productive assets such as farming supplies and equipment, education, and small businesses. Using the data gathered by the program …