Mobilize finance for social protection in ageing societies

Zhenqian Huang and Vanessa Steinmayer
Additional contact information
Zhenqian Huang: United Nations Economic and Social Commission for Asia and the Pacific
Vanessa Steinmayer: United Nations Economic and Social Commission for Asia and the Pacific

No PB81, MPDD Policy Briefs from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Abstract: The region is undergoing profound and rapid population changes. In 2017, an estimated 572 million persons aged 60 years or older lived in the Asia-Pacific region, accounting for 60% of the world’s older population. The number is predicted to increase to 1.3 billion in 2050, which means that one out of four persons in the region will be aged 60 years or above. Population ageing affects sustainable development in all its dimensions. Addressing population ageing is aligned with the 2030 Agenda for Sustainable Development particularly in ending poverty, ensuring healthy lives and promote well-being, achieving gender equality, and promoting sustained and inclusive economic growth. Countries have to prepare early with adequate social policies and financial resources to address the challenges of population ageing. Traditionally, families support their ageing parents, both financially and by providing care. However, with smaller families, there will be fewer family members in working age to shoulder this responsibility. In this context, mobilizing resources to finance social protection programmes are imperative to provide security of income and well-being during old age. There is increasing political will to provide social protection to older persons, reflected by an increasing number of countries providing social pensions.2 However, in many cases, policies focus on some aspects of population ageing only.

Date: 2018
New Economics Papers: this item is included in nep-age and nep-sea
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.unescap.org/sites/default/files/MPFD%2 ... ageing_FINAL%201.pdf

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:unt:pbmpdd:pb81

Access Statistics for this paper

More papers in MPDD Policy Briefs from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Contact information at EDIRC.
Bibliographic data for series maintained by Macroeconomic Policy and Development Division, ESCAP ( this e-mail address is bad, please contact ).