Recent PhD graduate Fei Zou has published “Does Early Retirement Really Benefit Women?” in the Journal of Economic Behavior and Organization.

This paper grew out of Fei’s PhD dissertation completed at UConn (2019) under the supervision of Professor Kai Zhao. It is a joint work with Dr. Hyun Lee (former UConn faculty), and Professor Zhao.

In this paper, the authors quantitatively evaluate the welfare consequences of China’s gender-specific mandatory retirement policy using a calibrated overlapping generations model with heterogeneous agents and incomplete markets. They find that while it is intended to relieve women from work earlier and to provide them with more years of public pensions benefits than men, early mandatory retirement reduces welfare for women.

The published version of this paper can be found at:

https://www.sciencedirect.com/science/article/pii/S0167268122000452

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