Financing young and elderly dependents: the case of Indian public policy

Laishram Ladusingh
Additional contact information
Laishram Ladusingh: Professor of Demography and Statistics, International Institute for Population Sciences, Mumbai- 400088, India

Asia-Pacific Development Journal, 2013, vol. 20, issue 1, 121-143

Abstract: In this paper the author explores the monetary benefits of young and elderly dependents under the public policy that introduced age into the National Accounts of India, the framework of the National Transfer Accounts. The results of the study indicate that the net monetary gain of young dependents is more than seven times higher than that of elderly dependents. It is suggested that there is a need to reorient the country’s fiscal policy in order to meet the demand for sustainable social security in the face of impending population ageing in the decades ahead. A desirable policy strategy would be to convert all social assistance programmes into a single long-term national social security programme, the scope of which would encompass various aspects of intergenerational equity, raise the level of entitlement to match actual need and make national social security a universal programme.

Keywords: Fiscal burden; life cycle deficit; public transfers; tax policy (search for similar items in EconPapers)
JEL-codes: J11 J14 J18 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.unescap.org/sites/default/files/chap-5-Ladusingh.pdf (application/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:jnapdj:v:20:y:2013:i:1:p:121-143

Access Statistics for this article

More articles in Asia-Pacific Development Journal 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 ().