The Economic Life Cycle and Support Systems in Asia
This paper finds that family transfers remain a significant source of old-age income support in many Asian economies. Since public transfers are still relatively underdeveloped, the region has an opportunity to build sound transfer systems free from unsustainable obligations. A healthy degree of reliance on asset accumulation can also support living standards via capital deepening.
- Labor Income
- The Age Reallocation System
- Relying on Assets
- Fiscal Effect of Population Age Structure
- Support Systems and the Response to Population Aging