Zeng, Yi; Zhang, Xinjie; Liu, Lingchen - In: China finance and economic review : CFER 5 (2017) 14, pp. 1-17
Background: With the rapid population aging, the payment crisis of China’s pension insurance fund is increasing yearly. The government adjusts fertility policy to alleviate population aging and improve the solvency of pension insurance fund. On January 1, 2016, China’s fertility policy was...