extensive and intensive labor supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to … fertility decline, a retirement reform, designed to increase labor supply at the extensive margin, is found to simultaneously … reduce labor supply at the intensive margin. This backlash to retirement reform requires the statutory retirement age to …

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 …

The authors examine the association of financial literacy with retirement planning in Russia, a country with a … and positively related to retirement planning involving private pension funds and schemes. Thus, along with encouraging … the availability of private retirement plans, efforts to improve financial literacy could be pivotal to the expansion of …

dividend. Two policy responses to aging are emphasized: First, a structural policy response of linking mandatory retirement (or …

retirement age aiming at offsetting the effects on the supply of labor following fertility changes. The authors find that the … retirement age should increase more than proportionally to the direct fall in labor supply caused by a fall in fertility. The … supply to changes in the statutory retirement age. The model has subsequently been calibrated for Brazil by Jorgensen (2010 …

future retirement income for a significant part of the labor force. This note stresses that the paternalistic approach of …