Reducing Disparities and Enhancing Sustainability in Asian Pension Systems

Date: October 2012
Type: Papers and Briefs
Country:
Subject:
Series: Economics Working Papers
ISSN: 1655-5252 (print)
Author: Guerard, Yves; Asher, Mukul; Park, Donghyun; Estrada, Gemma B.

Description

Population aging is a global phenomenon but what sets Asia apart is the sheer scale and speed of its aging. Pension systems will have to play a bigger role but in most Asian countries pension systems are still underdeveloped, fragmented, and poorly financed. Asian countries need to embark on systematic pension reform now to meet the challenge of delivering affordable, adequate, and sustainable economic security to their fast-growing elderly population.

Contents

  • Abstract
  • Introduction
  • Disparities in East and Southeast Asian Pension Systems: Follow-Up ADB Study
  • Main Sources of Disparities in the Pension Systems of East and Southeast Asia
  • The Challenge of Longevity
  • Policy Options for Reducing Disparities and Enhancing Sustainability
  • Final Observations
  • References