| Resumen: |
As the Asia-Pacific region ages rapidly, millions of older people face old age without income security. This new review examines tax-financed (Tier 1) pensions across the region, analysing coverage, adequacy, costs, and impacts. Drawing on evidence from over 40 countries, the paper shows that universal, tax-financed pensions are the most effective way to reduce poverty, inequality, and insecurity in old age, and that they are affordable. The report makes a compelling case for pensions as both a moral imperative and a smart investment in inclusive development. |
