. We pick China as a case study since China has undergone a dramatic process of rapid aging and a tremendous reduction in … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the …

China is undergoing a particularly fast demographic transition. Accelerated through decades of political restrictions … its one-child policy. Will this policy shift succeed? Our study simulates China's old-age dependency ratio and total … life expectancy. It shows that both ratios would substantially increase even in the best case. Therefore, China urgently …

NDC reform in China. …