How Long to Read The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply
By Hui He
How Long Does it Take to Read The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply?
It takes the average reader 1 hour and 1 minute to read The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply by Hui He
Assuming a reading speed of 250 words per minute. Learn more
Description
We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has undergone a dramatic process of rapid aging and a tremendous reduction in social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively important self-insurance channels in responding to changes in longevity risk and pension benefits, and the responses via adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the pension reform and rapid aging together contribute 55 percent of the increase in the household saving rate from 1995 to 2009, and they jointly capture about 64 percent of the drastic increase in the labor supply for the same period.
How long is The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply?
The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply by Hui He is 59 pages long, and a total of 15,281 words.
This makes it 20% the length of the average book. It also has 19% more words than the average book.
How Long Does it Take to Read The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply Aloud?
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 23 minutes to read The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply aloud.
What Reading Level is The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply?
The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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