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Like most countries, China faces a rapidly aging population. In fact, China is aging more rapidly than practically any … other country. In 1990 only 9% of China's population was over the age of 65, but by 2030 this proportion will more than … double, to 22%. More than a quarter of the world's old people will live in China by 2030. And the absolute number of workers …
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Longevity insurance benefits are deferred annuities that start payment at an advanced age at which a substantial proportion of the birth cohort has died. In high-income countries, that would mean that these annuities would start for people in their early 80s, but when social security programs...
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