000030339 001__ 30339
000030339 005__ 20150420164414.0
000030339 0248_ $$aoai:doc.rero.ch:20120917152040-LZ$$punisi$$prero_explore$$particle$$pcdu33$$pinfonet_economy$$ppreprint$$zthesis_urn$$zreport$$zthesis$$zbook$$zjournal$$zpostprint$$zcdu16$$zcdu1$$zdissertation$$zcdu34
000030339 041__ $$aeng
000030339 080__ $$a33
000030339 100__ $$aSong, Zheng$$uUniversity of Chicago Booth, Chicago, Illinois, United States
000030339 245__ $$9eng$$aSharing high growth across generations$$bpensions and demographic transition in China
000030339 269__ $$c2012-07-01
000030339 300__ $$a40 p.
000030339 520__ $$9eng$$aIntergenerational inequality and old-age poverty are salient isuues 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 for the (poorer) current generations, imposing only  small costs on (richer) future generations. In contrast, a fully funded  reform harms current generations, with small gains to future  generations. High wage growth is key for these results.
000030339 695__ $$9eng$$aChina ; credit market imperfections ; demographic transition ; economic growth ; fully funded system ; inequality ; intergenerational redistribution ; labor supply ; migration ; pensions ; poverty ; rural-urban reallocation ; total fertility rate ; wage growth
000030339 700__ $$aStoresletten, Kjetil$$uFederal Reserve Bank of Minneapolis, Minnesota, United States
000030339 700__ $$aWang, Yikai$$uDepartment of Economics, University of Zurich, Switzerland
000030339 700__ $$aZilibotti, Fabrizio$$uCenter for Economic and Political Research on Aging (CEPRA), Facoltà di scienze economiche, Università della Svizzera italiana, Svizzera
000030339 8564_ $$fCEPRA_03_2012.pdf$$qapplication/pdf$$s591738$$uhttp://doc.rero.ch/record/30339/files/CEPRA_03_2012.pdf$$yorder:1$$zTexte intégral
000030339 918__ $$aFacoltà di scienze economiche$$bVia Giuseppe Buffi 13, CH-6904 Lugano
000030339 919__ $$aUniversità della Svizzera italiana$$bLugano$$ddoc.support@rero.ch
000030339 980__ $$aPREPRINT$$bUNISI
000030339 990__ $$a20120917152040-LZ