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The book examines the conceptual, economic, and fiscal impact(s) of
the Social Protection Floor (SPF) initiative of the International
Labor Organisation (ILO) and other policy influencers by first
critically examining the methodologies used by the international
agencies to estimate the fiscal costs of designated minimum
package(s) of social protection programs. The book also briefly
reviews the methodologies used and usefulness of the Social
Protection Index (SPI) of the Asian Development Bank (ADB). Second,
the book analyses strategies and specific initiatives used by the
selected East Asian countries (China, India, Indonesia, the
Philippines, Thailand, and Vietnam), designed to progress towards
the social protection goals underlying the Social Development Goals
(SDGs) adopted by the United Nations in September 2015, and
endorsed by the countries covered in this book. Finally, the book
provides a framework for generating fiscal space to fund the social
protection programs and initiatives. The country chapters utilise
this framework in the context of each specific country to suggest
generating fiscal space.
The book examines the conceptual, economic, and fiscal impact(s) of
the Social Protection Floor (SPF) initiative of the International
Labor Organisation (ILO) and other policy influencers by first
critically examining the methodologies used by the international
agencies to estimate the fiscal costs of designated minimum
package(s) of social protection programs. The book also briefly
reviews the methodologies used and usefulness of the Social
Protection Index (SPI) of the Asian Development Bank (ADB). Second,
the book analyses strategies and specific initiatives used by the
selected East Asian countries (China, India, Indonesia, the
Philippines, Thailand, and Vietnam), designed to progress towards
the social protection goals underlying the Social Development Goals
(SDGs) adopted by the United Nations in September 2015, and
endorsed by the countries covered in this book. Finally, the book
provides a framework for generating fiscal space to fund the social
protection programs and initiatives. The country chapters utilise
this framework in the context of each specific country to suggest
generating fiscal space.
This book explores the linkages between age-related pension
expenditures and the fiscal space needed to fund them, as well as
to organize the mix of financing methods with different
risk-sharing arrangements. After critically assessing the existing
models projecting age-related expenditure in the literature, the
book focuses on the case studies of these inter-linkages in four
highly-populated East Asian countries, namely China, Indonesia,
India, and Japan. Nearly two- fifths of the global population live
in these countries. Therefore, how these inter-linkages manifest
themselves and the initiatives in these countries for finding
fiscal space will have an impact on how the ageing issues are
addressed globally. This book does several distinguishing
characteristics, including exploration of inter-linkages between
age-related expenditure and fiscal space, and application of
country-specific methods to explore these linkages, rather than
relying standard macroeconomic model. In the process, the studies
also bring out the limitations of standardized model used in the
literatures. Scholars and policy makers interested in the subject
will definitely find the book of valuable use.
This book explores the linkages between age-related pension
expenditures and the fiscal space needed to fund them, as well as
to organize the mix of financing methods with different
risk-sharing arrangements. After critically assessing the existing
models projecting age-related expenditure in the literature, the
book focuses on the case studies of these inter-linkages in four
highly-populated East Asian countries, namely China, Indonesia,
India, and Japan. Nearly two- fifths of the global population live
in these countries. Therefore, how these inter-linkages manifest
themselves and the initiatives in these countries for finding
fiscal space will have an impact on how the ageing issues are
addressed globally. This book does several distinguishing
characteristics, including exploration of inter-linkages between
age-related expenditure and fiscal space, and application of
country-specific methods to explore these linkages, rather than
relying standard macroeconomic model. In the process, the studies
also bring out the limitations of standardized model used in the
literatures. Scholars and policy makers interested in the subject
will definitely find the book of valuable use.
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