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What is the Role of Social Pensions in Asia?

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  • Barrientos, Armando

    (Asian Development Bank Institute)

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    Abstract

    Rapid population ageing and economic transformation in Asia raise the policy challenge of ensuring income security in old age. 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://www.adbi.org/files/2012.04.11.wp351.role.social.pensions.asia.pdf
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    Bibliographic Info

    Paper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 351.

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    Length: 32 pages
    Date of creation: 12 Apr 2012
    Date of revision:
    Handle: RePEc:ris:adbiwp:0351

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    Keywords: social pensions; population ageing; asia; social assistance; noncontributory transfers; contributory pension schemes;

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    1. Palacios, Robert & Sluchynsky, Oleksiy, 2006. "Social pensions Part I : their role in the overall pension system," Social Protection Discussion Papers 36237, The World Bank.
    2. Cally Ardington & Anne Case & Victoria Hosegood, 2007. "Labor supply responses to large social transfers: Longitudinal evidence from South Africa," Working Papers 59, Economic Research Southern Africa.
    3. Casey B. Mulligan & Xavier Sala-i-Martin, 1999. "Social Security in Theory and Practice (I): Facts and Political Theories," NBER Working Papers 7118, National Bureau of Economic Research, Inc.
    4. Feldstein, Martin S, 1987. "Should Social Security Benefits Be Means Tested?," Journal of Political Economy, University of Chicago Press, vol. 95(3), pages 468-84, June.
    5. Nanak Kakwani & Kalanidhi Subbarao, 2007. "Poverty among the elderly in Sub-Saharan Africa and the role of social pensions," Journal of Development Studies, Taylor & Francis Journals, vol. 43(6), pages 987-1008.
    6. Barrientos, Armando & Gorman, Mark & Heslop, Amanda, 2003. "Old Age Poverty in Developing Countries: Contributions and Dependence in Later Life," World Development, Elsevier, vol. 31(3), pages 555-570, March.
    7. Abhijit V. Banerjee & Esther Duflo, 2010. "Aging and Death under a Dollar a Day," NBER Chapters, in: Research Findings in the Economics of Aging, pages 169-203 National Bureau of Economic Research, Inc.
    8. Puja Dutta & Stephen Howes & Rinku Murgai, 2010. "Small but effective: India's targeted unconditional cash transfers," ASARC Working Papers 2010-18, The Australian National University, Australia South Asia Research Centre.
    9. Takayama, Noriyuki, 2008. "Pension Coverage in Japan," PIE/CIS Discussion Paper 388, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    10. Robert Holzmann & David A. Robalino & Noriyuki Takayama, 2009. "Closing the Coverage Gap : The Role of Social Pensions and Other Retirement Income Transfers," World Bank Publications, The World Bank, number 2651, October.
    11. Feldstein, Martin, 1987. "Should Social Security Benefits Be Means Tested?," Scholarly Articles 2770498, Harvard University Department of Economics.
    12. Rafael Rofman & Leonardo Lucchetti & Guzmán Ourens, 2010. "Pension Systems in Latin America: Concepts and Measurements of Coverage," Documentos de Trabajo (working papers) 0510, Department of Economics - dECON.
    13. David M. Knox, 1995. "The Age Pension: Means Tested or Universal?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 28(3), pages 107-110.
    14. Willmore, Larry, 2007. "Universal Pensions for Developing Countries," World Development, Elsevier, vol. 35(1), pages 24-51, January.
    15. Dwayne Benjamin & Loren Brandt & Jia-Zhueng Fan, 2003. "Ceaseless Toil? Health and Labor Supply of the Elderly in Rural China," Working Papers benjamin-03-01, University of Toronto, Department of Economics.
    16. Giang Thanh Long & Wade Donald Pfau, 2008. "Ageing, Poverty, and the Role of a Social Pension in Vietnam," GRIPS Discussion Papers 10-09, National Graduate Institute for Policy Studies, revised Jul 2010.
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