The Economic Life Cycle and Support Systems in Asia
Lee, Sang-Hyop; Mason, Andrew; Park, Donghyun | October 2011
This paper finds that family transfers remain a significant source of old-age income support in many Asian economies. Since public transfers are still relatively underdeveloped, the region has an opportunity to build sound transfer systems free from unsustainable obligations. A healthy degree of reliance on asset accumulation can also support living standards via capital deepening.
CitationLee, Sang-Hyop; Mason, Andrew; Park, Donghyun. 2011. The Economic Life Cycle and Support Systems in Asia. © Asian Development Bank. http://hdl.handle.net/11540/2001. License: CC BY 3.0 IGO.
Regional Economic Development
Asian Development Bank
Economies in transition
Economic development projectsShow allCollapse