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Reducing Disparities and Enhancing Sustainability in Asian Pension Systems

Yves Guerard, Mukul Asher, Donghyun Park () and Gemma Estrada ()
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Yves Guerard: Asian Development Bank
Mukul Asher: National University of Singapore

No 313, ADB Economics Working Paper Series from Asian Development Bank

Abstract: Population aging is a global phenomenon but what sets Asia apart is the sheer scale and speed of its aging. Pension systems will have to play a bigger role but in most Asian countries pension systems are still underdeveloped, fragmented, and poorly financed. Asian countries need to embark on systematic pension reform now to meet the challenge of delivering affordable, adequate, and sustainable economic security to their fast-growing elderly population.

Pages: 16 pages
Date: 2012-10-31
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