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Optimizing Public Transfer Payments to Promote Public Health after Delaying Retirement

Author(s)

Wenbo Zhang1, Shuyi Bu2, Qingfeng Bu3*

Affiliation(s)

1College of Agricultural & Environmental Sciences, University of California, Davis, US 2Yangpu Senior High School, Shanghai, China 3School of Medical Instruments, Shanghai University of Medicine and Health, Shanghai, China *Corresponding author

Abstract

With increasing global life expectancy and declining birth rates, population aging has become a critical issue for many countries, including China, which is considering delaying the retirement age to ease pension system pressures. However, delaying retirement may affect the health and welfare of older adults. Public transfer payments play a vital role in promoting social equity and maintaining the health of the elderly. This paper explores how optimizing public transfer payments can better promote public health after delaying retirement. The research highlights the complex relationship between delayed retirement and health, examining both positive and negative effects. It further discusses the impact of public transfer payments, such as pensions, medical subsidies, and unemployment benefits, on labor supply and health outcomes. Moreover, the study explores the implications of extending retirement age on fiscal policies and international best practices for optimizing public transfer payments. The findings suggest that optimizing these payments can enhance both health and economic well-being, with future research needed to evaluate the implementation of delayed retirement policies and their broader effects on health equity.

Keywords

Public Transfer Payments; Delayed Retirement, Public Health; Pension Systems, Social Welfare; Healthcare Equity; Economic Impact; Aging Population; Health Insurance; And Labor Supply

References

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