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Who supports the elderly? The changing economic lifecycle reallocation in Taiwan, 1985 and 2005

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  • Lai, Nicole Mun Sim
  • Tung, An-Chi

Abstract

Ensuring the economic security of the elderly population in Taiwan has become a pressing policy concern because of rapid population aging and other large-scale socio-economic changes. It is therefore necessary to understand how the elderly have financed their later years. To study how old-age financing has evolved in Taiwan, we have adopted the National Transfer Accounts approach in order to estimate four major financing channels in 1985 and 2005. Our results show that public transfers and asset-based reallocations have gradually replaced family support and labor income. This suggests the need for individuals to save before retirement, and for the state to take a larger role in the caring for elderly in the future.

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  • Lai, Nicole Mun Sim & Tung, An-Chi, 2015. "Who supports the elderly? The changing economic lifecycle reallocation in Taiwan, 1985 and 2005," The Journal of the Economics of Ageing, Elsevier, vol. 5(C), pages 63-68.
    • Handle: RePEc:eee:joecag:v:5:y:2015:i:c:p:63-68
    DOI: 10.1016/j.jeoa.2014.10.012
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    2. Hippolyte d'Albis & Carole Bonnet & Xavier Chojnicki & Najat El Mekkaouide Freitas & Angela Greulich & Jérôme Hubert & Julien Navaux, 2018. "Who pays for the consumption of young and old?," Working Papers halshs-01799724, HAL.
    3. d'Albis, Hippolyte & Badji, Ikpidi & El Mekkaoui, Najat & Navaux, Julien, 2020. "Private asset income in France: Is there a breakdown of intergenerational equity between 1979 and 2011?," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    4. Soheila Shamsikhani & Fazlollah Ahmadi & Anoshirvan Kazemnejad & Mojtaba Vaismoradi, 2021. "Typology of Family Support in Home Care for Iranian Older People: A Qualitative Study," IJERPH, MDPI, vol. 18(12), pages 1-14, June.
    5. Hippolyte d’Albis & Carole Bonnet & Julien Navaux & Jacques Pelletan & François-Charles Wolff, 2017. "Lifecycle deficit in France: an assessment for the period 1979-2011," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 491-492, pages 47-70.
    6. Hsieh, Kevin Yu-Ching & Tung, An-Chi, 2016. "Taiwan’s National Pension Program: A remedy for rapid population aging?," The Journal of the Economics of Ageing, Elsevier, vol. 8(C), pages 52-66.
    7. d’Albis, Hippolyte & Bonnet, Carole & Navaux, Julien & Pelletan, Jacques & Wolff, François-Charles, 2015. "Le déficit de cycle de vie en France: une évaluation pour la période 1979-2011," CEPREMAP Working Papers (Docweb) 1513, CEPREMAP.

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