This paper investigates the effects of postponing retirement on economic growth in an aging society by using the infinite overlapping generations model constructed by Blanchard (1985) in a simple endogenous growth fra...This paper investigates the effects of postponing retirement on economic growth in an aging society by using the infinite overlapping generations model constructed by Blanchard (1985) in a simple endogenous growth framework.It shows that postponing retirement may decelerate economic growth.展开更多
This paper reviews the development of the urban and rural old age security system in China, and discusses the challenges in the process of constructing a sustained old age security system. Althoughfunding gaps and emp...This paper reviews the development of the urban and rural old age security system in China, and discusses the challenges in the process of constructing a sustained old age security system. Althoughfunding gaps and empty individual accounts have imposed a heavy burden on the sustainability of China ＇s urban pension system, there is a relatively high coverage rate of 35.3 percent for urban workers. However, China＇s pension system provides low coverage ratefor rural farmers. The more rapidly aging population and lower incomes in rural areas pose challenges to the vulnerable rural househoM support system. The separation of the oM age security system between rural and urban areas also puts great pressure as a result of urbanization on farmers who lose their farmland. Therefore, it is urgent for China to speed up the reform o fits old age security system to provide an institutional support for its economic and social transition.展开更多
This paper mainly analyzes development and reform of China’s pension system. It introducesthe evolution of China’s pension system reform and discusses its strengths and problems.The paper then proposes some suggesti...This paper mainly analyzes development and reform of China’s pension system. It introducesthe evolution of China’s pension system reform and discusses its strengths and problems.The paper then proposes some suggestions on the direction of China’s pension reform. Thelast section is devoted to a discussion of China’s corporate occupational pension, which isa fast-developing area of the pension system.展开更多
文摘This paper investigates the effects of postponing retirement on economic growth in an aging society by using the infinite overlapping generations model constructed by Blanchard (1985) in a simple endogenous growth framework.It shows that postponing retirement may decelerate economic growth.
文摘This paper reviews the development of the urban and rural old age security system in China, and discusses the challenges in the process of constructing a sustained old age security system. Althoughfunding gaps and empty individual accounts have imposed a heavy burden on the sustainability of China ＇s urban pension system, there is a relatively high coverage rate of 35.3 percent for urban workers. However, China＇s pension system provides low coverage ratefor rural farmers. The more rapidly aging population and lower incomes in rural areas pose challenges to the vulnerable rural househoM support system. The separation of the oM age security system between rural and urban areas also puts great pressure as a result of urbanization on farmers who lose their farmland. Therefore, it is urgent for China to speed up the reform o fits old age security system to provide an institutional support for its economic and social transition.
文摘This paper mainly analyzes development and reform of China’s pension system. It introducesthe evolution of China’s pension system reform and discusses its strengths and problems.The paper then proposes some suggestions on the direction of China’s pension reform. Thelast section is devoted to a discussion of China’s corporate occupational pension, which isa fast-developing area of the pension system.
