What is the Role of Social Pensions in Asia?

Abstract:     
Rapid population aging 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.

Number of Pages in PDF File: 32

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

JEL Classification: H55, I38, J14, J32, O17

working papers series