1887

Pensions at a Glance Asia/Pacific 2013

image of Pensions at a Glance Asia/Pacific 2013

Pensions are a major policy issue in developed and developing countries alike. However, pension reform is challenging and controversial because it involves long-term planning by governments faced with numerous short-term pressures. It often provokes heated debates and, sometimes, street protests.

Countries can learn valuable lessons from others’ pension systems and their experiences of retirement-income reforms. However, national pension systems are very complicated, involving much institutional, technical, and legal elements. Consequently, international comparisons are very difficult to undertake, making it difficult to transfer policy lessons between countries. Hence, this publication aims to fill this gap, with a particular focus on countries in the Asia/Pacific regions.

This study combines rigorous analysis with clear and easy-to-understand presentations of empirical results. It does not advocate any particular kind of pension system or type of reform. The goal is to inform debates on retirement-income systems with data that people with different visions for the future of pensions can all use as a reference point.

English Korean

.

Life expectancy

Life expectancy at birth in virtually all non-OECD Asian economies is lower than for all the OECD countries covered. The exceptions are Hong Kong and Singapore which have life expectancies higher than Canada, Germany, New Zealand, the United Kingdom and the United States, and is also above the OECD average. In fact only Japan has a higher life expectancy than Hong Kong. Life expectancy for women in Pakistan is nearly 20 years less than in Japan but if survival to 65 is assumed then the difference drops to exactly ten years, which will impact greatly on future pension systems.

English

Graphs

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error