NBER-SAIF Conference

Retirement Security: Public and Private Pensions

June 29-30, 2018

Shanghai Advanced Institute of Finance, SJTU

June 29, Friday: 

9:00 - 9:15 AM Opening Remarks

Chun Chang, Executive Dean and Professor of Finance, Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University

James Poterba, President of NBER and Mitsui Professor of Economics at MIT

9:15 - 10:00 AM Reforms and Trends in China’s Retirement Security System

Bingwen Zheng, Director, CASS Center for International Social

Security Studies, Chinese Academy of Social Sciences (CASS)

10:00 - 10:30 AM Coffee Break

10:30 - 11:15 AM Growing Pains in the Chinese Social Security System

Hanming Fang, University of Pennsylvania and NBER

Yi Zhang, Shanghai University of Finance and Economics

Discussant: Kaiji Chen, Emory University

11:15 - 12:00 PM Propagation and Smoothing of Shocks in Alternative Social Security Systems

Alan Auerbach, University of California, Berkeley and NBER

Lorenz Kueng, Northwestern University

Ronald Lee, University of California, Berkeley

Yury Yatsynovich, Rensselaer Polytechnic Institute

Discussant: Erica Li, Cheung Kong Graduate School of Business

12:00 - 2:00 PM Lunch with Keynote Speakers

Zhongmin Wang, Former Vice Chairman of the State Social Security Fund of China

Rongsa Zhong, Vice President of Asset Management Association of China

2:30 - 3:15 PM Older People's Willigness to Delay Social Security Claiming

Raimond Maurer, Goethe University Frankfurt

Olivia Mitchell, Wharton School, University of Pennsylvania and NBER

Discussant: Guan Gong, Shanghai University of Finance and

Economics

3:15 - 4:00 PM Quality of Public Governance and the Capital Structure of Nations and Firms

Shang-Jin Wei, Columbia University and NBER

Jing Zhou, Columbia University

Discussant: Sudipto Dasgupta, Lancaster University and

Chinese University of Hong Kong

4:00 - 4:30 PM Coffee Break

4:30 - 6:00 PM Panel: Capital Markets and Pension Saving

Presiding: Hong Yan, Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University

Wen Li, Chairman, China Universal Asset Management Co., Ltd

Jianping Liu, President, Lombarda China Fund Management Co., Ltd

Yiqing Zhang, Chief Investment Officer, Ping An Asset Management Co., Ltd

6:00 - 6:45 PM Adjourn

6:45 PM Dinner

June 30, Saturday

9:00 - 9:45 AM The Power of Social Pensions

Wei Huang, National University of Singapore

Chuanchuan Zhang, Central University of Finance and Economics

Discussant: Robert Clark, North Carolina State University

and NBER

9:45 - 10:30 AM Does Information Influence the Social Insurance Participation Decision of China's Rural Migrant

John Giles, The World Bank

Xin Meng, Australian National University

Sen Xue, Jinan University

Guochang Zhao, Southwestern University of Finance and Economics

Discussant: Xiaoyan Lei, National School of Development, Peking

University

10:30 - 10:45 AM Coffee Break

10:45 - 11:30 AM The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply: The Case of China

Hui He, International Monetary Fund and Shanghai Advanced Institute of Finance (SAIF), Shanghai Jiao Tong University

Lei Ning, Shanghai University of Finance and Economics

Dongming Zhu, Shanghai University of Finance and Economics

Discussant: James Poterba, MIT and NBER

11:30 - 12:15 PM Closing Presentation

James Poterba, MIT and NBER

12:15 PM End of the conference / Lunch