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What can China Expect from an Increase of the Mandatory Retirement Age?

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Because of an aging population, China is expected to raise the mandatory retirement age in order to mitigate the pressure on its pension system. Using an Overlapping Generations model we analyze the economic impacts resulting from an increase of the life expectancy and an increased retirement age on the pension system. The results show that it is ambiguous if an increasing retirement age will cause an increase or decrease of the pension benefits. We show that, the higher the share of capital income, the more probable it becomes that an increase of retirement age will exacerbate China's pension problems.

ChinaOLG modelPAYG pension systemFertilityMandatory retirement age

Peter J. Stauvermann、Jin Hu

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Changwon National University, School of Global Business & Economics, 20 Changwondaehak-ro, Gyeongnam, 641-773 Chang-won, Republic of Korea

Changwon National University, School of Global Business & Economics, 20 Changwondaehak-ro, Gyeongnam, 641-773 Changwon, Republic of Korea

2018

经济学与金融学刊(英文版)

经济学与金融学刊(英文版)

ISSN：
年,卷(期)：2018.19(1)
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