Developing Asia’s Pension Systems and Old-Age Income Support

34 Pages Posted: 8 May 2012

See all articles by Donghyun Park

Donghyun Park

Asian Development Bank - Economic Research

Gemma Bolotaulo Estrada

Asian Development Bank - Economic Research

Date Written: May 7, 2012

Abstract

Old-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 Vietnam; 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.

Keywords: Asia, pension systems, old-age income support, population aging, pension reform

JEL Classification: H55, J11, J14

Suggested Citation

Park, Donghyun and Estrada, Gemma Bolotaulo, Developing Asia’s Pension Systems and Old-Age Income Support (May 7, 2012). ADBI Working Paper No. 358, Available at SSRN: https://ssrn.com/abstract=2052668 or http://dx.doi.org/10.2139/ssrn.2052668

Donghyun Park (Contact Author)

Asian Development Bank - Economic Research ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Gemma Bolotaulo Estrada

Asian Development Bank - Economic Research ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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