One Country, Two Systems : Evidence on Retirement Patterns in China
This paper documents the patterns and correlates of retirement in China using a nationally representative survey, the China Health and Retirement Longitudinal Study. After documenting stark differences in retirement ages between urban and rural res...
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| Format: | Working Paper |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/731051620321549768/One-Country-Two-Systems-Evidence-on-Retirement-Patterns-in-China http://hdl.handle.net/10986/35563 |
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okr-10986-355632022-09-20T00:09:38Z One Country, Two Systems : Evidence on Retirement Patterns in China Giles, John T. Lei, Xiaoyan Wang, Gewei Wang, Yafeng Zhao, Yaohui RETIREMENT RETIREMENT AGE AGING PENSION URBAN-RURAL GAP CHARLS LONGITUDINAL STUDY This paper documents the patterns and correlates of retirement in China using a nationally representative survey, the China Health and Retirement Longitudinal Study. After documenting stark differences in retirement ages between urban and rural residents, the paper shows that China's urban residents retire earlier than workers in many Organisation for Economic Co-operation and Development countries and that rural residents continue to work until advanced ages. Differences in access to generous pensions and economic resources explain much of the urban-rural difference in retirement rates. Fending off the fiscal pressures resulting from rapid population aging will require encouraging longer working lives among more highly educated and skilled workers living in China's urban areas. The paper suggests that reducing disincentives created by China's employee pension system, improving health status, providing childcare, and elder care support may all facilitate longer working lives. Given spouse preferences for joint retirement, creating incentives for women to retire later may facilitate longer working lives for men and women. 2021-05-13T14:30:45Z 2021-05-13T14:30:45Z 2021-05 Working Paper http://documents.worldbank.org/curated/en/731051620321549768/One-Country-Two-Systems-Evidence-on-Retirement-Patterns-in-China http://hdl.handle.net/10986/35563 English Policy Research Working Paper;No. 9650 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
RETIREMENT RETIREMENT AGE AGING PENSION URBAN-RURAL GAP CHARLS LONGITUDINAL STUDY |
| spellingShingle |
RETIREMENT RETIREMENT AGE AGING PENSION URBAN-RURAL GAP CHARLS LONGITUDINAL STUDY Giles, John T. Lei, Xiaoyan Wang, Gewei Wang, Yafeng Zhao, Yaohui One Country, Two Systems : Evidence on Retirement Patterns in China |
| geographic_facet |
East Asia and Pacific China |
| relation |
Policy Research Working Paper;No. 9650 |
| description |
This paper documents the patterns and
correlates of retirement in China using a nationally
representative survey, the China Health and Retirement
Longitudinal Study. After documenting stark differences in
retirement ages between urban and rural residents, the paper
shows that China's urban residents retire earlier than
workers in many Organisation for Economic Co-operation and
Development countries and that rural residents continue to
work until advanced ages. Differences in access to generous
pensions and economic resources explain much of the
urban-rural difference in retirement rates. Fending off the
fiscal pressures resulting from rapid population aging will
require encouraging longer working lives among more highly
educated and skilled workers living in China's urban
areas. The paper suggests that reducing disincentives
created by China's employee pension system, improving
health status, providing childcare, and elder care support
may all facilitate longer working lives. Given spouse
preferences for joint retirement, creating incentives for
women to retire later may facilitate longer working lives
for men and women. |
| format |
Working Paper |
| author |
Giles, John T. Lei, Xiaoyan Wang, Gewei Wang, Yafeng Zhao, Yaohui |
| author_facet |
Giles, John T. Lei, Xiaoyan Wang, Gewei Wang, Yafeng Zhao, Yaohui |
| author_sort |
Giles, John T. |
| title |
One Country, Two Systems : Evidence on Retirement Patterns in China |
| title_short |
One Country, Two Systems : Evidence on Retirement Patterns in China |
| title_full |
One Country, Two Systems : Evidence on Retirement Patterns in China |
| title_fullStr |
One Country, Two Systems : Evidence on Retirement Patterns in China |
| title_full_unstemmed |
One Country, Two Systems : Evidence on Retirement Patterns in China |
| title_sort |
one country, two systems : evidence on retirement patterns in china |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/731051620321549768/One-Country-Two-Systems-Evidence-on-Retirement-Patterns-in-China http://hdl.handle.net/10986/35563 |
| _version_ |
1764483296316620800 |