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Coordinating Healthcare and Pension Policies: An Exploratory Study

Author

Listed:
  • Azad Singh Bali

    (Asian Development Bank Institute)

  • Mukul G. Asher

    (Asian Development Bank Institute)

Abstract

Rapid ageing of the population globally represents an unprecedented historical trend. As pension and healthcare costs are positively correlated with rising incomes, ageing, urbanization, and a shift from communicable to life-style diseases, managing these costs is a major challenge. There are many linkages between healthcare and pension arrangements—in terms of costs, exposure to risks, and as they jointly impact on crucial policy decisions. This paper discusses the rationale for coordination between various programs to better manage the cost of ageing. The current difficult macroeconomic environment, including fiscal stringency conditions, strengthens the case for such coordination.

Suggested Citation

  • Azad Singh Bali & Mukul G. Asher, 2012. "Coordinating Healthcare and Pension Policies: An Exploratory Study," ADBI Working Papers 374, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0374
    as

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    References listed on IDEAS

    as
    1. Barr, Nicholas & Diamond, Peter, 2008. "Reforming Pensions: Principles and Policy Choices," OUP Catalogue, Oxford University Press, number 9780195311303.
    2. Oecd, 2006. "Projecting OECD Health and Long-Term Care Expenditures: What Are the Main Drivers?," OECD Economics Department Working Papers 477, OECD Publishing.
    3. David E. Bloom & David Canning & Günther Fink, 2010. "Implications of population ageing for economic growth," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 26(4), pages 583-612, Winter.
    4. Mukul G. Asher & Amarendu Nandy, 2006. "Health Financing in Singapore: A Case for Systemic Reforms," International Social Security Review, John Wiley & Sons, vol. 59(1), pages 75-92, January.
    5. Raghuram G. Rajan, 2010. "Fault Lines: How Hidden Fractures Still Threaten the World Economy," Economics Books, Princeton University Press, edition 1, number 9111.
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    Cited by:

    1. Ljubica Meznaric & Ana Meznaric, 2024. "Potential investments of pension funds in long-term care for the elderly: the case of Croatia," Public Sector Economics, Institute of Public Finance, vol. 48(1), pages 57-77.
    2. Fauziah ZEN & Mukul G. ASHER, 2015. "Social Protection in ASEAN: Challenges and Initiatives for Post-2015 Vision," Working Papers DP-2015-06, Economic Research Institute for ASEAN and East Asia (ERIA).

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    Keywords

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    JEL classification:

    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General

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