Ấn phẩm
The Aging Population and Sustainability of the Pension Scheme: Simulations of Policy Options for Vietnam
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172
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16
Nhan đề khác
Tóm tắt
Various population projections show that Vietnam’s population will age swiftly in the coming decades. As such, the operation of a pay-as-you-go fiancing mechanism would inevitably fid the pension fund unbalanced as well as generate pension liabilities, which in turn would threaten fiancial sustainability and affct inter- and intra-generational inequities. To compare with previous studies, this paper provides calculations for the pension fund balance and close-group pension liabilities for Vietnam under new social insurance regulations. The simulated results show that the pension fund will be fully depleted in about 30 years, and pension liabilities – though small as a percentage of national income – would involve higher taxes for future workers. Based on these fidings, the paper suggests an income security system in which contributory and noncontributory pensions would be supplementary to each other with clear roles in redistribution and consumption smoothing
Mô tả
economic management and policy
Tác giả
Long, Thanh Giang
Tác giả khác
Cuong, Viet Nguyen
Người hướng dẫn
Nơi xuất bản
Nhà xuất bản
Kinh Tế Quốc Dân
Năm xuất bản
2017
ISSN tạp chí
Nhan đề tập
Từ khóa chủ đề
Aging , pension fund , pension liability/debt , retirement , Vietnam.
