Post date: Oct 07, 2012 11:50:7 PM
This paper discusses and compares several pension reform proposals.
Technical questions
1. From partial equilibrium to general equilibrium
Does policy intervention yield different results? For example, policy affects wage growth, if partial assume wage growth constant, policy study in partial is not accurate.
2. Robustness
This paper's result is sensitive to wage increase and life expectance. It' also important to understand how to justify this assumption. Think about other policy related to pension, e.g. medical system, medicare, one child policy which changes the dependency ratio. Moreover, HUKOU policy forces medicare, pension, education move together. Another concern is the immigration of workers from rural to urban.
3. China's wage share puzzle
it can not be explained by MPL
4. Introduce aggregate uncertainty
5. Cross country preference
Is it reasonable to calibrate China's economy using US/UK preference parameters