首页 | 本学科首页   官方微博 | 高级检索  
     检索      


Old‐Age Income Insecurity in Singapore: A Problem of Non‐Inclusive Development
Authors:Pundarik Mukhopadhaya  Sunil Venaik
Institution:1. Department of Economics, Macquarie University;2. University of Queensland Business School
Abstract:With a growing old‐age population, ensuring income security for the elderly is becoming an increasingly important element of public policy worldwide. The World Bank report proposed a three‐tier system to avert old‐age crisis, which was extended into a five‐tier system by Holzmann et al. Our analysis of Singapore's old‐age income security system in light of these two systems shows that it lacks the basic zero and first pillars of protection against old‐age hardships. We show that a budget allocation of less than half a percent of national gross domestic product (GDP) can ensure that no elderly citizen suffers from poverty in Singapore. As Singapore occupies the status of a developed country, a government‐financed pension system that is adequate, affordable, sustainable and robust is long overdue.
Keywords:
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号