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Project Citation: 

Song, Zheng, Storesletten, Kjetil, Wang, Yikai, and Zilibotti, Fabrizio. Replication data for: Sharing High Growth across Generations: Pensions and Demographic Transition in China. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2025-05-09. https://doi.org/10.81037/E129045V1

Project Description

Summary:  View help for Summary We analyze intergenerational redistribution in emerging economies with the aid of an overlapping generations model with endogenous labor supply. Growth is initially high but declines over time. A version of the model calibrated to China is used to analyze the welfare effects of alternative pension reforms. Although a reform of the current system is necessary to achieve financial sustainability, 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. (JEL E13, H55, J11, O11, O15, P24, P36)

Scope of Project

JEL Classification:  View help for JEL Classification
      E13 General Aggregative Models: Neoclassical
      H55 Social Security and Public Pensions
      J11 Demographic Trends, Macroeconomic Effects, and Forecasts
      O11 Macroeconomic Analyses of Economic Development
      O15 Economic Development: Human Resources; Human Development; Income Distribution; Migration
      P24 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure; Money; Inflation
      P36 Socialist Institutions and Their Transitions: Consumer Economics; Health; Education and Training: Welfare, Income, Wealth, and Poverty


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