the sustainability of the pension system. At the same time, the system should be able to help the elderly secure income … after retirement to prevent elderly poverty; to this end, the blind spot of the pension system needs to be resolved, such as … low income earners and temporary workers. With respect to employment policies, it is necessary to adopt a division of …

distinguishes between two groups: the ageing society and the aged society. Empirical results indicate that demographic changes, such … on current account balances in the aged society group, as previous research findings suggest. Therefore, current accounts …

individuals save more for retirement due to the longer life expectancy and the enlarged proportion of the middle- and older-aged … mandatory retirement age on an ageing economy. A decrease in mortality rate raises aggregate capital input in the economy since … and middle aged groups. With a reasonable calibration (the mortality rate decreases by 1% a year; and the population …

social protection in states, since it is normally accompanied with increases in income inequality, polarization, and …