Tieding, Zou; Hang, Ye - In: China finance and economic review : CFER 4 (2016), pp. 1-15
Background: The pension deficit has been rapidly enlarging for more than a decade. If the retirement age is set at a … low level, it might trigger a pensions crisis. Since the average life span of the Chinese has extended from 71 to 76 years … old in last ten years, the feasibility of rising the retirement age has also been promoted. Methods: This paper aims to …