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Age Related Pension Expenditure and Fiscal Space

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actuarial modelling
Basic Pension Benefit
benefi
Capita GNI
Category=KC
Category=KFFP
Central Government
Civil Service Pension
contribution
Db
defi
demographic transition
Dynamic General Equilibrium Model
East Asia
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Fiscal policies
Fiscal Space
fiscal sustainability
Gdp Growth
Gdp Growth Rate
Gdp Ratio
IMF Estimate
IMF's World Economic Outlook
IMF’s World Economic Outlook
intergenerational equity
Jaminan Sosial
Macro-economy Indexation
ned
Nominal Gdp
NSSF
Pension Eligibility Age
Pension Expenditure
Pension Expenditure Projections
pension reform strategies in Asia
Pension Reforms
Pension systems
programs
public
Public economics
public finance reform
Public Pension
Public Pension Expenditure
Public Pension System
Public policies
Revision Rate
scheme
security
social
social security systems
system
Tax Ratio
Wage Growth Rate

Product details

  • ISBN 9781138825796
  • Weight: 540g
  • Dimensions: 156 x 234mm
  • Publication Date: 03 Mar 2016
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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Description

This book explores the linkages between age-related pension expenditures and the fiscal space needed to fund them, as well as to organize the mix of financing methods with different risk-sharing arrangements. After critically assessing the existing models projecting age-related expenditure in the literature, the book focuses on the case studies of these inter-linkages in four highly-populated East Asian countries, namely China, Indonesia, India, and Japan. Nearly two- fifths of the global population live in these countries. Therefore, how these inter-linkages manifest themselves and the initiatives in these countries for finding fiscal space will have an impact on how the ageing issues are addressed globally.

This book does several distinguishing characteristics, including exploration of inter-linkages between age-related expenditure and fiscal space, and application of country-specific methods to explore these linkages, rather than relying standard macroeconomic model. In the process, the studies also bring out the limitations of standardized model used in the literatures. Scholars and policy makers interested in the subject will definitely find the book of valuable use.
About
Mukul G. Asher is a Professorial Fellow at the Lee Kuan Yew School of Public Policy, National University of Singapore. He specializes in social security issues in Asia and in public financial management. Fauziah Zen is an economist at the Economic Research Institute for ASEAN and East Asia (ERIA). She is also an associate professor at the Faculty of Economics, University of Indonesia. She has been working with the governments in ASEAN in the field of fiscal policy, infrastructure issues, disaster risk reduction, and social security. She also serves as an advisor to the Finance Minister of Republic of Indonesia on the fiscal decentralization issue. She obtained her PhD from Hitotsubashi University, Japan.