The fact that China is facing the challenge of aging population has led to debates about whether the government should raise the retirement age.The current pension system in China is characterized by the collection of...The fact that China is facing the challenge of aging population has led to debates about whether the government should raise the retirement age.The current pension system in China is characterized by the collection of contributions on payment and adopts the defined benefit(DB)plan.Considering the welfare effects of intergenerational support,this paper develops a dynamic general equilibrium model to investigate how postponing retirement would affect the TFP and the welfare of the elderly.Utilizing realistic parameters,our simulation finds that raising the retirement age will benefit the welfare of the elderly.This conclusion remains robust after a sensitivity analysis with respect to core parameters,the average age of the working population,and the pension system.However,opinion polls have found that most people oppose delaying retirement.This stems from the absence of pension transfer payments and pension system inequalities.The policy implications of this paper are twofold:Firstly,the government should convince the public about the benefits of delaying retirement;secondly,it is necessary to introduce supportive policies facilitating the implementation of delayed retirement(e.g.increasing the replacement rate of pensions or implementing a healthy aging strategy),and the retirement policy should be differentiated for people from various socio-economic backgrounds.展开更多
This research attempted to explain the problems of elderly health care, the problems and suggestion in elder welfare arrangement and the demand on elder care. The survey underlying this study was conducted in Muang di...This research attempted to explain the problems of elderly health care, the problems and suggestion in elder welfare arrangement and the demand on elder care. The survey underlying this study was conducted in Muang district, Khon Kaen province, Thailand. Eighteen subdistricts were interviewed in the study area. Data were collected in two areas of Khon Kaen province, that are, the city of Khon Kaen and the outside Thesaban Nakhon Khon Kaen. The random sample consisted of 386 elders： 112 elders lived in the city of Khon Kaen and 234 elders lived outside Thesaban Nakhon Khon Kaen, Muang district, Khon Kaen. The analysis of the demand on elderly welfare gave an interesting result that the elders demanded on monthly income to support living cost and medical services at high level; The demand on housing was at low level; The demand on education, religion and culture the demand on club, sport and entertainment, and the demand on job and art were at the moderate level; The main problem of elderly welfare arrangement was the scarcity of budget support, the weakness of elder health, and activities announcement. The analysis of pattern of elder welfare： The case study of elder care identified that 31.87 percent of the elders had demand on elder care. Price of the elder care at 100 Baht per day was mostly selected about one-fourth of all the case occurred. Female elder selected the elder care at 100 Baht per day, while male elder choose at a higher price level, which were 200 Baht per day and 150 Baht per day respectively. The female elder care was the most popular. The elder care age between 30-39 years was mostly selected. Finally, most of elders purposed the working day of the elder care depend on their appointment.展开更多
基金supported by the Humanities and Social Sciences Foundation Program of the Ministry of Education“Simulation of the Economic Growth Shocks from the Retirement of Baby Boomers of the 1960s and Countermeasures”(Grant No.19YJC790167).
文摘The fact that China is facing the challenge of aging population has led to debates about whether the government should raise the retirement age.The current pension system in China is characterized by the collection of contributions on payment and adopts the defined benefit(DB)plan.Considering the welfare effects of intergenerational support,this paper develops a dynamic general equilibrium model to investigate how postponing retirement would affect the TFP and the welfare of the elderly.Utilizing realistic parameters,our simulation finds that raising the retirement age will benefit the welfare of the elderly.This conclusion remains robust after a sensitivity analysis with respect to core parameters,the average age of the working population,and the pension system.However,opinion polls have found that most people oppose delaying retirement.This stems from the absence of pension transfer payments and pension system inequalities.The policy implications of this paper are twofold:Firstly,the government should convince the public about the benefits of delaying retirement;secondly,it is necessary to introduce supportive policies facilitating the implementation of delayed retirement(e.g.increasing the replacement rate of pensions or implementing a healthy aging strategy),and the retirement policy should be differentiated for people from various socio-economic backgrounds.
文摘This research attempted to explain the problems of elderly health care, the problems and suggestion in elder welfare arrangement and the demand on elder care. The survey underlying this study was conducted in Muang district, Khon Kaen province, Thailand. Eighteen subdistricts were interviewed in the study area. Data were collected in two areas of Khon Kaen province, that are, the city of Khon Kaen and the outside Thesaban Nakhon Khon Kaen. The random sample consisted of 386 elders： 112 elders lived in the city of Khon Kaen and 234 elders lived outside Thesaban Nakhon Khon Kaen, Muang district, Khon Kaen. The analysis of the demand on elderly welfare gave an interesting result that the elders demanded on monthly income to support living cost and medical services at high level; The demand on housing was at low level; The demand on education, religion and culture the demand on club, sport and entertainment, and the demand on job and art were at the moderate level; The main problem of elderly welfare arrangement was the scarcity of budget support, the weakness of elder health, and activities announcement. The analysis of pattern of elder welfare： The case study of elder care identified that 31.87 percent of the elders had demand on elder care. Price of the elder care at 100 Baht per day was mostly selected about one-fourth of all the case occurred. Female elder selected the elder care at 100 Baht per day, while male elder choose at a higher price level, which were 200 Baht per day and 150 Baht per day respectively. The female elder care was the most popular. The elder care age between 30-39 years was mostly selected. Finally, most of elders purposed the working day of the elder care depend on their appointment.
