Financing young and elderly dependents: the case of Indian public policy
AbstractIn this paper the author explores the monetary benefits of young and elderly dependents under the public policy that introduced age into the National Accounts of India, the framework of the National Transfer Accounts. The results of the study indicate that the net monetary gain of young dependents is more than seven times higher than that of elderly dependents. It is suggested that there is a need to reorient the country’s fiscal policy in order to meet the demand for sustainable social security in the face of impending population ageing in the decades ahead. A desirable policy strategy would be to convert all social assistance programmes into a single long-term national social security programme, the scope of which would encompass various aspects of intergenerational equity, raise the level of entitlement to match actual need and make national social security a universal programme.
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Bibliographic InfoArticle provided by United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in its journal Asia-Pacific Development Journal.
Volume (Year): 20 (2013)
Issue (Month): 1 (June)
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Fiscal burden; life cycle deficit; public transfers; tax policy;
Find related papers by JEL classification:
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
- J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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in: Developments in the Economics of Aging, pages 89-122
National Bureau of Economic Research, Inc.
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