Aging Societies: Policies and Perspectives

Edited by Chul Ju Kim

No 9 in ADBI Books from Asian Development Bank Institute, currently edited by ADB Institute

Abstract:

In many countries, aged or rapidly aging populations are threatening the sustainability of fiscal institutions, including conventional tax design and pay-as-you-go pensions, and the efficacy of conventional macroeconomic policies and, thus, require timely structural reforms.

Meanwhile, in countries with younger populations, population aging compounds the disruptions linked to technological diffusion, rising inequality, high economic informality, and rapid regional migration and makes forward-looking policy development difficult. These countries must then actively pursue measures to establish a financing base for improved social protection and enhance macroeconomic integrity.

This publication recommends policy responses in three main areas. First, it proposes structural reform policies to promote economic growth, macroeconomic integrity, and a resilient labor market. Second, it suggests the reorientation of social protection systems toward poverty alleviation, wealth accumulation, adequate social security for all, and fiscal sustainability. Finally, it recommends the development of data systems, policy pools, and analysis pertaining to the demographic impacts in the G20 countries as well as the emerging economies outside the G20.

Keywords: population aging; social security; demographic transition; fiscal stability (search for similar items in EconPapers)
Date: 2019
ISBN: 978-4-89974-215-9
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.adb.org/sites/default/files/publicatio ... and-perspectives.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:adbook:0009

Access Statistics for this book

More books in ADBI Books from Asian Development Bank Institute Contact information at EDIRC.
Bibliographic data for series maintained by ADB Institute ().