An increase in the retirement age in China: the regional economic effects

Anping Chen, Nicolaas Groenewold

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

China’s pension system is in need of comprehensive reform. One measure on which we focus is to increase the retirement age. It is likely that a change in retirement age will have significantly different effects across China’s regions. Interregional disparities are already very substantial in China and it will be important to know how changes in pension arrangements will affect disparities. We consider four policies to increase the retirement age from 60 to 61. They differ according the use made of the extra revenue generated by the policy. All four policies increase welfare and reduce the interregional welfare gap.

Original languageEnglish
Pages (from-to)702-721
Number of pages20
JournalApplied Economics
Volume49
Issue number7
DOIs
Publication statusPublished - 7 Feb 2017

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China
Regional economics
Economic effect
Retirement age
Pension system
Revenue
Pensions

Cite this

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An increase in the retirement age in China : the regional economic effects. / Chen, Anping; Groenewold, Nicolaas.

In: Applied Economics, Vol. 49, No. 7, 07.02.2017, p. 702-721.

Research output: Contribution to journalArticle

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