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What is the Role of Social Pensions in Asia?

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  • Armando Barrientos

    (Asian Development Bank Institute (ADBI))

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    Abstract

    Rapid population ageing and economic transformation in Asia raise the policy challenge of ensuring income security in old age. There is growing interest among policymakers in the potential role of noncontributory transfers as an instrument to address a variety of policy challenges, including old age poverty and vulnerability, rapid population ageing, the effects of migration on intergenerational family support structures, and the effects of informality on social protection systems. The main objective of this paper is to explore the potential role of social pensions and other noncontributory schemes in Asia, informed by insights from theory and international experience. The paper identifies alternative forms of providing income security in old age, including social pensions. It also examines the welfare effects of adopting alternative social pension designs, especially around two key policy nodes : the comparative advantages of social assistance and social pensions, and the integration of noncontributory transfers within advanced contributory pension schemes.

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    File URL: http://saber.eaber.org/node/23294
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    Bibliographic Info

    Paper provided by East Asian Bureau of Economic Research in its series Development Economics Working Papers with number 23294.

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    Date of creation: Apr 2012
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    Handle: RePEc:eab:develo:23294

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    Related research

    Keywords: Social pension; Asia; population aging; income security; economic transformation; pension scheme;

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