Developing Asia’s Pension Systems and Old-Age Income Support
AbstractOld-age income support is becoming an issue of growing importance throughout Asia. This is especially true in East and Southeast Asia where the population is aging. This paper provides a broad overview of the current state of pension systems in the People’s Republic of China, Indonesia, Republic of Korea, Malaysia, Philippines, Singapore, Thailand, and Viet Nam; analyzes the pension systems; and identifies their major structural weaknesses. The paper concludes with some specific policy directions for pension reform to strengthen the capacity of Asian pension systems in delivering economic security for the large and growing population of elderly looming on the region’s horizon.
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Bibliographic InfoPaper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 358.
Length: 34 pages
Date of creation: 07 May 2012
Date of revision:
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More information through EDIRC
asia; pension systems; old-age income support; population aging; pension reform;
Find related papers by JEL classification:
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- 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
This paper has been announced in the following NEP Reports:
- NEP-AGE-2012-05-15 (Economics of Ageing)
- NEP-ALL-2012-05-15 (All new papers)
- NEP-DEM-2012-05-15 (Demographic Economics)
- NEP-SEA-2012-05-15 (South East Asia)
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.:
- Holzmann, Robert & Mac Arthur, Ian W. & Sin, Yvonne, 2000. "Pension systems in East Asia and the Pacific : challenges and opportunities," Social Protection Discussion Papers 23088, The World Bank.
- Peter S. Heller, 2006. "Is Asia Prepared for an Aging Population?," IMF Working Papers 06/272, International Monetary Fund.
- Nicholas Barr & Peter Diamond, 2006.
"The Economics of Pensions,"
Oxford Review of Economic Policy,
Oxford University Press, vol. 22(1), pages 15-39, Spring.
- Barr, Nicholas & Diamond, Peter, 2006. "The economics of pensions," Open Access publications from London School of Economics and Political Science http://eprints.lse.ac.uk/, London School of Economics and Political Science.
- Holzmann, Robert & Palacios, Robert & Zviniene, Asta, 2004. "Implicit pension debt: issues, measurement and scope in international perspective," Social Protection Discussion Papers 30153, The World Bank.
- Alberto Arenas de Mesa & Carmelo Mesa-Lago, 2006. "The Structural Pension Reform in Chile: Effects, Comparisons with Other Latin American Reforms, and Lessons," Oxford Review of Economic Policy, Oxford University Press, vol. 22(1), pages 149-167, Spring.
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