Sharing High Growth Across Generations: Pensions and Demographic Transition in China

@article{Song2012SharingHG,
  title={Sharing High Growth Across Generations: Pensions and Demographic Transition in China},
  author={Zheng Song and Kjetil Storesletten and Yikai Wang and Fabrizio Zilibotti},
  journal={Labor: Public Policy \& Regulation eJournal},
  year={2012}
}
Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population threatens the fiscal sustainability of its pension system, a key vehicle for intergenerational redistribution. We analyze the positive and normative effects of alternative pension reforms, using a dynamic general equilibrium model that incorporates population dynamics and productivity growth. Although a reform is necessary, delaying its implementation implies large welfare gains… 
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