Assets are an important source of support in all Asian countries except the PRC and Taipei, China, where transfers are more important. In Indonesia and the Philippines, the elderly rely almost entirely on assets. Certainly some elderly in those economies do depend on familial and public transfers, but as a group, net transfers to the elderly are zero or negative, and asset- based reallocations are equal to or exceed the lifecycle deficit. Thailand’s elderly also rely heavily on assets. In the PRC, asset-based reallocations are the lowest among the Asian economies in this study. The elderly are saving quite a bit, but they also have relatively low asset- based incomes.
Assets are an important source of support in all Asian countries except the PRC and Taipei, China, where transfers are more important. In Indonesia and the Philippines, the elderly rely almost entirely on assets. Certainly some elderly in those economies do depend on familial and public transfers, but as a group, net transfers to the elderly are zero or negative, and asset- based reallocations are equal to or exceed the lifecycle deficit. Thailand’s elderly also rely heavily on assets. In the PRC, asset-based reallocations are the lowest among the Asian economies in this study. The elderly are saving quite a bit, but they also have relatively low asset- based incomes.
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