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This paper focuses on the empirically observed relationship between demographic change and inflation and explores the theoretical nature of the puzzling link between the two. It puts the existent disparate empirical findings in the literature into perspective by formalizing an...
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The majority of economies in the European Union are experiencing problems with the sustainability of pension systems that are primarily caused by unfavorable demographic trends and inadequate structure of the pension systems. This research concentrates on the New Member States of the European...
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China?s pension system is in need of comprehensive reform in that it is fragmented in its coverage and significantly … have been similar proposals in many other countries and they are in line with improved health and life-expectancy. In China … and SOE employees. Since this structure differs considerably across the regions in China, it is likely that a change in …
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