000			01590nam a22001577a 4500
999			_c521260 _d521260
008			221227b ||||| |||| 00| 0 eng d
100			_aCaro, Juan Carlos and Contzen, Marcela Parada _936454
245			_aPension incentives and retirement planning in rural china: Evidence for the new rural pension scheme
260			_aThe Developing Economies
300			_a60(1), Mar, 2022: p.3-29
520			_aThis paper estimates the impact of social pension programs on retirement planning in rural China, focusing on the New Rural Pension Scheme (NRPS). Retirement planning is defined as an individual's intention to detach from the workforce at a given age instead of working for as long as physically possible. We also consider an individual's self-reported health characteristics and subjective life expectancy. Overall, we find that the NRPS does not incentivize younger workers (those under 60 years of age) to plan their retirement; instead, they are more likely to remain in the workforce permanently to compensate for the additional costs. However, the NRPS provides a greater incentive for older workers (those 60 years of age and older) to plan their retirement than if there was no scheme. This result is particularly relevant for older unhealthy workers with a longer subjective life expectancy. We also find evidence that mental health status is key for the effectiveness of the policy.- Reproduced
650			_a Subjective lie expectancy, Health, Retirement instruction, Pensions China. _934914
773			_aThe Developing Economies
906			_aPENSIONS
942			_cAR