Precarious Employment, Pension Participation, and Retirement Deferment in China

Recent changes in the relationship between the postponement of the statutory retirement age, pension participation, and the precariousness of employment in China May conceal the lasting negative effects on workers' current and ongoing welfare. Grounded on China's normalised precarious empl...

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Bibliographic Details
Published in:China perspectives 2024-01 (137), p.57-68
Main Authors: Ma, Xueyang, Wang, Zengwen, Zhang, Jie, Wu, Jian
Format: Article
Language:English
Subjects:
Accounting
Econometric models
Employees
Employment
Evaluation
Industrialism
Inequality
Insecure
Insecurity
Institutionalism
Institutionalization
Labor market
Livelihood
Participation
Pensions
Planning
Political representation
Political science
Postponement
Precarious employment
Rationality
Retirement
Retirement policies
Self employment
Training of
Welfare
Workers
Workforce
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Summary:Recent changes in the relationship between the postponement of the statutory retirement age, pension participation, and the precariousness of employment in China May conceal the lasting negative effects on workers' current and ongoing welfare. Grounded on China's normalised precarious employment with individualisation, insecurity, and instability, and identifying the current Urban Employee Basic Pension (UEBP) as based on traditional industrialism, the empirical evidence from 68 workers in precarious employment shows how limited UEBP participation even extends working life. Under the institutionalised inequality of UEBP, and without long-term coworkers who can promote understanding of the system, the uncertainties of future livelihood and "voluntary" participation in the UEBP (re)shape the rationality of precarious workers towards minimum participation. Hence, raising the statutory retirement ages is unlikely to improve their UEBP participation, but rather lengthen the period of precarious employment.
ISSN:2070-3449
1996-4617
DOI:10.4000/11y7k