Giles, John T.; Wang, Dewen; Cai, Wei - Institute for the Study of Labor (IZA) - 2011
context of work and retirement patterns in Indonesia, Korea, the United States, and the United Kingdom. As is common in many … developing countries, China can be characterized as having two retirement systems: a formal system, under which urban employees … receive generous pensions and face mandatory retirement by age 60, and an informal system, under which rural residents and …