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and comprehensible information about the pension system and individual expected pension payments. This reform did not … change the level of pensions, but only manipulated the knowledge about and salience of expected pension payments. Using … increase in savings partly crowds out charitable donations. Moreover, we present evidence suggesting that both information and …
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This article proposes a notional defined contribution (NDC) mechanism to ensure pension mobility for the 150 million migrating workers in China during both the accumulation and drawdown phases. Planned governance would ensure independence from the three existing pension systems. An appropriately...
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