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Journal of Population Ageing

, Volume 11, Issue 4, pp 349–366 | Cite as

How Sustainable is the Familial Support of Elderly in Asia?

  • Laishram LadusinghEmail author
  • Barsharani Maharana
Article
  • 184 Downloads

Abstract

This paper examines the extent of familial monetary support for the elderly in China, India, Indonesia, Japan, Korea, the Philippines, and Thailand, representing diverse public social security and assistance programs for the elderly across Asian countries. Using the National Transfer Accounts framework, Japan was found to experience the highest and China the lowest lifecycle deficit (LCD). Except Indonesia, the consumption of public and private goods and services at old ages is fast increasing in the Asian countries. In Japan public transfer supports 39.4% of the LCD of the 60 plus population and private asset-based reallocation, which includes liquidation and sale of assets, finances 33.7%. On the other in Indonesia and India LCD of elderly is largely 70.5 and 63.9% respectively are met by private asset-based reallocation. Public support for the 60 plus population in South Korea constitutes 22.9% of the LCD, whereas 52.6% is met by asset-based reallocation. The corresponding figures for China are 41.3 and 32.2% respectively.

Keywords

Ageing Familial support Transfers Asset reallocations Social security 

Notes

Acknowledgements

Suggestions and comments of anonymous reviewers are very useful in the revision and improvement of the paper and are gratefully acknowledged. The authors also thank the participants of the Annual Meeting of Population Association of America 2016 held at Marriot Wardman Park, Washington, D.C., USA, for their valuable suggestions.

Compliance with Ethical Standards

Conflict of Interest

There is no potential conflict of interest.

Funding

This research is not funded by any organizations or institutions.

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Copyright information

© Springer Science+Business Media B.V. 2017

Authors and Affiliations

  1. 1.International Institute for Population SciencesMumbaiIndia
  2. 2.National Family Health Survey-4 ProjectInternational Institute for Population SciencesMumbaiIndia

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