Retirement Age: Policy Move

retirement age: In 2016, couples were allowed to have a second baby, although that did little to boost the birthrate, according to The Japan Times. In a meeting presided over by President Xi Jinping on Monday, the Communist Party's Politburo agreed to ease the current two-child restriction and also raise the retirement age, in a bid to boost the labor force. Economists and demographers say authorities will need a range of supportive policies on child care and measures to curb high education and housing costs to make it viable for couples to expand their families. ; China has been gradually reforming its stringent birth policy, which for decades limited most families to having only a single child. It is an important policy move, but the three-children policy alone will not lead to a sustained rebound in the fertility rate, said Yuan Xin, a professor at Nankai University in Tianjin. Some government officials, including researchers at China's central bank, have called for birth limits to be abolished entirely. A whole package of services and polices, such as childcare, tax-rebates for parents, housing subsidies and even gender equality, are needed to create a social environment that encourages parents to have more babies. ( As reported in the news.

The content, information, trademarks and multimedia posted on this blog copyrights to their original owners and herein blogged in good faith for the purpose of commentary, speech, opinion and debate.

financializer news

A weblog highlighting financial topics making news in the international media.