Employees’ Provident Funds of Singapore, Malaysia, India and Sri Lanka: a Comparative Study

Siti Sheikh Hussin, Gautam Mitra, Diana Roman, Wan Kamaruzaman and Wan Ahmad

Chapter 8 in Asset and Liability Management Handbook, 2011, pp 181-207 from Palgrave Macmillan

Abstract: Abstract Demographic changes affect social and economic performance all over the world. Current demographic trends, such as declining fertility rates, declining mortality rates and increasing life expectancies, are causing an aging population, in which the proportion of elderly people to the total popu-lation is increasing (Long, 2008). In 2000, less than one in ten people were over 60 years old, but estimates indicate that by year 2050 one in every five people will be over 60 years old (United Nations, 2000). As an example, in Japan, which is one of the fastest aging nations in the world, there were 9.3 people under 20 for every person over 65 in 1950; for 2025, this ratio is forecasted to be 0.59 people under 20 for every person older than 65 (United Nations, 2000).

Keywords: Gross Domestic Product; Pension Fund; Pension Scheme; Define Contribution; Define Benefit (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30723-0_8

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DOI: 10.1057/9780230307230_8

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