The Intergenerational Impact of China's New Rural Pension Scheme

Old-age pensions have become an important component of systems aimed at protecting the elderly against poverty. The expansion of pension schemes can partly be attributed to important demographic changes that have pressured welfare institutions to respond to the demands of a growing elderly population. Bolivia's Renta Dignidad, India's Indira Gandhi National Old Age Pension Scheme, Mexico's 70 y Mas, and South Africa's Old Age Pension are notable...