Retirement system reforms such as postponing retirement age in law are needed in China because of its rapid population aging. The overquick aging will result in both shortage of labor force supply and incubus of the social security system. The Chinese government acknowledged the negative...

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In the situation of rapid population aging, postponing retirement is a timely and effective measure in relieving pressure of old age support. However, many people think that postponing retirement will crowd out youth employment. Using data in China, this paper shows that this judgment cannot be...