Replication data for: Sharing High Growth across Generations: Pensions and Demographic Transition in China

Principal Investigator(s):  View help for Principal Investigator(s) Zheng Song; Kjetil Storesletten; Yikai Wang; Fabrizio Zilibotti

Version:  View help for Version V1

Name File Type Size Last Modified
  Demography1_MigrationProjection 05/09/2025 01:22:AM
  Demography2_PopulationProjection 05/09/2025 01:22:AM
  Demography3_LowFertility 05/09/2025 01:22:AM
  Demography4_LowMigration 05/09/2025 01:22:AM
  Results 05/09/2025 01:22:AM
Pension10_Retire57.zip application/zip 160.4 KB 05/08/2025 09:22:PM
Pension11_PerfectForesight.zip application/zip 173.8 KB 05/08/2025 09:22:PM
Pension1_BaselineScenario.zip application/zip 37.5 MB 05/08/2025 09:22:PM
Pension2_LowFertility.zip application/zip 172.1 KB 05/08/2025 09:22:PM
Pension3_HighInterest.zip application/zip 112.6 KB 05/08/2025 09:22:PM

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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Published Versions

V1 [2025-05-09]

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DDI 2.5

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