China, as the most populous country in the world, is ageing rapidly. Against the background of dramatic demographic changes in this century, China’s current pension system is badly structured, and not able to cope with the rapid ageing population. The Chinese government is well aware of...

During the period 1972-73 to 2004-05 in rural India, the total number of workers expanded more in the non-farm sector than the farm sector with the rise in male workers being sharper than that of female workers. This enquir,y primarily based on NSS data, throws up ample evidence of the...

India is making sound progress on poverty elimination for those who can work. Poverty amongst the elderly will then become the dominant form of poverty in India, since the elderly do not work and thus do not benefit from higher wages. Simple dole solutions will not work. The only solution is a...

There are considerable variations in the philosophy, coverage, investment policies and performance, design of schemes, governance structures, degree of professionalism and adequacy of benefits among Asian countries. The pensions sector requires strong government regulation. For most Asian...

This study uses micro data and an OLG model to show that general equi- librium forces are critical for understanding the relationship between aggregate fertility and household savings. [BREAD WP No. 415].

China has adopted a wide-ranging program of pension reform since the late 1990s. The new pension system has replaced the pre-existing enterprise-based system. This paper analyzes the background of this reform, surveys the progress of China’s pension reform, describes its principal...

In the long term, there is little doubt that China will be better off with a single and unified pension insurance system covering the whole country, just as most of other countries do. In the short term, however, it is feasible for China to establish only a province-based pension system, a...

Pension assets have seen rapid growth world-wide over the past decades, although they suffered large losses during the global financial crisis of 2007–2008. Such growth is notably due to both structural and parametric pension reforms since the 1980s. In the Asian region too, the pension...