Population Ageing and Social Security in Asia

24 Pages Posted: 3 Jul 2015

See all articles by Rafal Chomik

Rafal Chomik

University of New South Wales (UNSW)

John Piggott

University of New South Wales (UNSW) - Australian School of Business, School of Economics

Date Written: July 2015

Abstract

Asian countries are at different stages of demographic transition. While Central and South Asian countries are relatively young and will remain so for some time, East and Southeast Asia are expected to age at an unprecedented rate in the next few decades. Japan has reached the future first. Other nations, such as China, are still young but ageing faster than many advanced economies, including Australia and the USA. This demographic shift has considerable implications for the development of social policy. Here too, countries differ widely. This paper sets the context for the rest of the volume. The focus is mostly on countries in East and Southeast Asia, but it includes contrasting comparisons to key regional countries such as India and Australia. First, the paper presents the context: the demographic, urbanization, and social trends facing Asia. Second, it tackles the allocation of resources for the elderly, in particular, by summarizing approaches to two areas of social policy most pertinent to population ageing: retirement income and health care.

Keywords: Asia, health care, pension, population ageing, social policy

JEL Classification: I18, I38, J1

Suggested Citation

Chomik, Rafal and Piggott, John, Population Ageing and Social Security in Asia (July 2015). Asian Economic Policy Review, Vol. 10, Issue 2, pp. 199-222, 2015. Available at SSRN: https://ssrn.com/abstract=2626185 or http://dx.doi.org/10.1111/aepr.12098

Rafal Chomik (Contact Author)

University of New South Wales (UNSW) ( email )

Kensington
High St
Sydney, NSW 2052
Australia

John Piggott

University of New South Wales (UNSW) - Australian School of Business, School of Economics ( email )

High Street
Sydney, NSW 2052
Australia

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