Article

Retirement Income Systems in Asia

Hanam S. Phang

in The Oxford Handbook of Pensions and Retirement Income

Published in print July 2006 | ISBN: 9780199272464
Published online September 2009 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199272464.003.0040

Series: Oxford Handbooks in Business and Management C

 Retirement Income Systems in Asia

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With the rapid economic development that has characterized the region in recent years, informal family support is gradually being replaced by public and/or private income-security schemes. Industrialization and urbanization has drawn the rural self-employed population that had been engaged in farming into urban labour markets for paid employment. As a result, the number of employees as a percentage of the economically active population has increased significantly. Countries in the region have developed a range of systems to provide people with income in old age. This article describes retirement-income systems in East and Southeast Asian countries, and discusses policy issues and reform initiatives across the region.

Keywords: retirement income; Asia; economic development; income security; urbanization; labour markets; paid employment

Article.  7093 words. 

Subjects: Business and Management ; International Business

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