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Pension Sustainability in China - Fragmented Administration and Population Aging (Hardcover)
Loot Price: R3,965
Discovery Miles 39 650
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Pension Sustainability in China - Fragmented Administration and Population Aging (Hardcover)
Series: International Population Studies
Expected to ship within 12 - 17 working days
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Total price: R3,985
Discovery Miles: 39 850
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Pension Sustainability in China: Fragmented Administration and
Population Aging aims to investigate the impact of fragmentation
and population ageing on pension sustainability in China. The book
demonstrates how pension sustainability is compromised by various
adverse effects produced by fragmentation, such as the moral hazard
caused by the disarticulated intergovernmental fiscal
responsibility. An overlapping generations (OLG) model is updated
with the latest demographic data and is used to assess the impact
of population ageing on pension sustainability. The book considers
whether adjustment in retirement age can ensure long-term financial
sustainability. It explores how, compared to the population ageing,
the issues stemming from the fragmentation pose a more insidious
threat to pension sustainability in China.
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