Yang, Hualei - In: China finance and economic review : CFER 4 (2016), pp. 1-15
Background: Around 2015, with the alternation of population generation, post-1960s baby boomers start to retire and post-1990s and 2000s baby busters successively enter into labor market in China, which has led to the decrease of working-age population, the increase of pension burden. Methods:...