Yang, Hualei - In: China finance and economic review : CFER 4 (2016), pp. 1-15
. Results: This paper finds that a combination of immediately delayed retirement and accumulated pension system should be … implemented if based on the goal of maximizing output, while a combination of undelayed retirement and accumulated pension system … kind of pension and retirement systems are implemented. Conclusions: In view of the substitutability of family utility and …