ABSTRACT

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.

chapter 1|13 pages

Age related pension expenditure and fi scal space: an overview

ByMUKUL G. ASHER, FAUZIAH ZEN

chapter 2|22 pages

Modelling pension expenditure: selected issues

ByJUNICHIRO TAKAHATA

chapter 3|36 pages

Public pension system and fi scal policy response in China

ByJIN FENG, QIN CHEN

chapter 4|32 pages

Age related pension expenditure and fi scal space in India

ByMUKUL G. ASHER, YUTIKA VORA

chapter 5|33 pages

Pension system and its fi scal implications in Indonesia

ByHEFRIZAL HANDRA, ASTRID DITA

chapter 6|15 pages

Policy challenges in Indonesian social security

ByBAMBANG P. S. BRODJONEGORO, SUAHASIL NAZARA,