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Albert Rees Sharon P. Keith P.

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Asia is a region of demographic variety. Several Asian countries are currently experiencing a very rapid population ageing. The pension schemes in Asian countries face a big challenge under the population ageing. There are some Asia-specific characteristics in pensions. First, many Asian countries have only a short history of social security pensions, and accordingly the issue of increasing pension coverage is still quite relevant in these countries.

Second, pension programs are fairly different among Asian countries. Third, overall, the lump-sum retirement benefits have been very popular in Asia. Indeed, its mentality is still very persistent.

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In this sense, annuitization of retirement benefits now becomes all the more important in Asian countries. This volume is devoted to searching for better old age income security in Asia. Special concerns are given to incentives and compliance issues, along with the economic status of the elderly.

The social security pension systems in developed countries are now quite unpopular, especially among the youth. Policymakers in these countries have been forced to reduce the generosity of the existing pay-as-you-go defined benefit pensions.

Part of the lost benefits is replaced by pensions from funded defined contribution individual accounts, but many difficulties still remain. When it comes to social security pensions, by far the most important question is whether or not they are worth buying. For funded occupational and personal pensions, investment risk, increased administration costs, annuitization and distributional concerns are still major obstacles. Missing are better instruments to minimize risks involved in the funded system.

Contributors today are ultimately concerned with the taste of pie, rather than its size or its division. Are the pension provisions incentive-compatible? Is compliance effectively enforced? This volume is devoted to searching for better pension provisions in developed countries. Coulson, M. The distribution of population age structures in Kansas City. Annals of the Association of American Geographers 58 1 : Cutler, D.

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Cambridge: Cambridge University Press, Davies, J. Optimal grouping of income and wealth data. Journal of Econometrics 42 1 : Esteban, J. Journal of Economic Inequalities 5 1 : Fenge, R. Pension Strategies in Europe and the United States. CESifo Seminar Series. Goldstein, J. Relationships between period and cohort life expectancy: gaps and lags. Population Studies 60 3 : Human Mortality Database.

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