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This article employed a voting model to describe the optimum strategy for later retirement. The results indicated that, later retirement just a emergency measure to pension shortfall. The preference to later retirement was related with the gap between actual age and legal retirement age. The...

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This paper empirically analyze the nonlinear relation between real output per capital and public debt by employing threshold cointegration method based on ARDL model. Empirical results show that there exists a threshold cointegration relationship between government debt and real output per...

Chinese...