{"product_id":"pension-sustainability-in-china-randong-yuan-9781032022819","title":"Pension Sustainability in China: Fragmented Administration and Population Aging","description":"\u003cp\u003e\u003cem\u003ePension Sustainability in China: Fragmented Administration and Population Aging\u003c\/em\u003e aims to investigate the impact of fragmentation and population ageing on pension sustainability in China. The book demonstrates how pension sustainability is compromised by various adverse effects produced by fragmentation, such as the moral hazard caused by the disarticulated intergovernmental fiscal responsibility. An overlapping generations (OLG) model is updated with the latest demographic data and is used to assess the impact of population ageing on pension sustainability. The book considers whether adjustment in retirement age can ensure long-term financial sustainability. It explores how, compared to the population ageing, the issues stemming from the fragmentation pose a more insidious threat to pension sustainability in China.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Randong Yuan\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1032022817\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781032022819\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Routledge\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/30\/2021\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 128\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.83lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.38d","brand":"Randong Yuan","offers":[{"title":"Hardcover","offer_id":44066887074047,"sku":"9781032022819","price":170.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_f20f91e6-2729-44f6-b83e-d6d82f03fc8e.jpg?v=1685409918","url":"https:\/\/www.whiterainbookhouse.com\/products\/pension-sustainability-in-china-randong-yuan-9781032022819","provider":"WR Book House","version":"1.0","type":"link"}