A kairos constellation designates a temporarily existing opportunity for a group of actors to take advantage of a coincidence of favourable circumstances in order to realise a shared target. Starting from the observation that kairos constellations are ubiquitous in human individual and social...

In this paper, we use provincial panel data on China for the 2002-19 period to conduct a spatial autocorrelation analysis of household saving rates as well as a dynamic panel analysis of the determinants of household saving rates using a spatial Durbin model. To summarize our main findings, we...

In this paper, we conduct a dynamic panel analysis of the determinants of the household saving rate in China using a life cycle model and panel data on Chinese provinces for the 1995-2004 period from China's household survey. We find that China's household saving rate has been high and rising...

The extent, speed and impact of population ageing have often been exaggerated because standard indicators such as the Old-Age Dependency Ratio or Support Ratio do not take proper account of falling mortality, the changing relationship between age and employment, or (usually) both. Neither do...

The world faces growing challenges of aging populations. Asia is no exception with rapidly increasing life expectancies and falling fertility rates. To help policy makers address these issues, this paper examines three sociopolicy options: (i) extending the retirement age, (ii) augmenting labor...

We study the sustainability of pension systems using a life-cycle model with distortionary taxation that sets an upper limit to the real value of tax revenues. This limit implies an endogenous threshold dependency ratio, i.e. a point in the cross-section distribution of the population beyond...