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Pensions at a Glance Asia/Pacific 2022

image of Pensions at a Glance Asia/Pacific 2022

Many of Asia’s retirement-income systems are ill prepared for the rapid population ageing that will occur over the next two decades. Asia’s pension systems urgently need to be reformed to ensure that they are both financially sustainable and provide adequate retirement incomes. This report examines the retirement-income systems of 11 non-OECD countries in the region, comparing the results with a selection of OECD countries. The report provides new data for comparing pension systems of different countries. It combines the OECD’s expertise in modelling pension entitlements with a network of national pension experts who provided detailed information at the country level, verified key results and provided feedback and input to improve the analysis.

English

Fertility

Fertility rates currently average 2.07 across the Asian countries, fractionally below the level that ensures population replacement, but well above the OECD average of 1.68 (). The trend to fewer children has been going on since the late 1950s, but stopped around the turn of century on average. The fall in fertility rates reflected changes in individuals’ lifestyle preferences, in family formation, and in the constraints of everyday living, such as those driven by labour market insecurity, difficulties in finding suitable housing and unaffordable childcare.

English

Graphs

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