China’s raising of the retirement age is no crisis response
The economically and politically pragmatic changes offer lessons to policymakers globally. Last week, China announced that it will “gradually raise” its retirement ages over a 15-year period. The move is both unprecedented—the country hasn’t increased its retirement ages since the 1950s—and inadequate. But even the half-hearted steps are likely to spark widespread unhappiness. China’s retirement ages are currently among […]
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