The sustainability of Chinese pay-as-you-go pension system in urban areas
A pay-as-you-go (PAYG) pension system requires a balance between the benefits paid to pensioners and the contributions made by active workers. The decline in fertility rates and the increase in longevity in China will lead to a substantial increase in the old-age dependency ratio, raising serious co...
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University of Liverpool
2017
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| Online Access: | https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.733911 |