Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/245776 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14725
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
This paper documents the patterns and correlates of retirement in China using a nationally representative survey, the China Health and Retirement Longitudinal Study (CHARLS). 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 OECD 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. The paper suggests that reducing disincentives created by China's Urban 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 both men and women.
Subjects: 
retirement
aging
pensions
urban-rural gap
China
CHARLS
JEL: 
J26
O15
O17
O53
Document Type: 
Working Paper

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