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Population aging in advanced economies could have significant macroeconomic implications, unless more individuals choose to participate in labor markets. In this context, the steep increase in the share of older workers who remain economically active since the mid1990s is an overlooked yet...
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In China, the employment rate among middle-aged and older urban residents is exceptionally low. For example, 27% of 55 … investigates potential explanations of this low level of employment in urban China. I document the stylized fact that a majority of … pension age from the status-quo to 60 would raise the employment rate of 50-59 year old women by 28 percentage points. …
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