Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/310353 
Year of Publication: 
2024
Series/Report no.: 
ADB Economics Working Paper Series No. 746
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
Asia and the Pacific has the most diverse regional pension landscape globally. Yet the region's pension systems are facing common challenges as they attempt to expand coverage, and ensure adequacy and fairness, while maintaining fiscal sustainability. We review the structures and performance of pension systems across Asia and the Pacific. Most remain characterized by low contributory coverage, social pensions with inadequate benefits and often low (or no) coverage, and informal sector schemes with modest traction to date. They are also characterized by gender inequities, lack of policy flexibility and attention to labor incentives, and underdeveloped governance structures. The paper makes proposals for addressing these challenges through an expanded role for social pensions with inclusive targeting, reformed contributory schemes, ongoing innovations for the informal sector and women, and enhanced reliance on technology.
Subjects: 
pension
Asian pension
social protection in Asia
means tested pension
JEL: 
H55
N35
J18
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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