, loosely based upon China. We calibrate a benchmark equilibrium, and carry out various counterfactual simulations to analyze …

China is on the eve of a demographic shift that will have profound consequences on its economic and social landscape …, along with anecdotes of rapidly rising migrant wages and episodic labor shortages, has raised questions about whether China … labor shortage economy. Crossing this threshold will have far-reaching implications for both China and the rest of …

. We pick China as a case study since China has undergone a dramatic process of rapid aging and a tremendous reduction in … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the …

China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances …

China is on the eve of a demographic shift that will have profound consequences on its economic and social landscape …, along with anecdotes of rapidly rising migrant wages and episodic labor shortages, has raised questions about whether China … labor shortage economy. Crossing this threshold will have far-reaching implications for both China and the rest of the world …