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Financing old age in a rapidly ageing high income city state: the case of Singapore
Item Type: Conference or Workshop Item
Editor:
Year: 00/00/2012
Abstract: Singapore, an affluent city state, is among the most rapidly ageing society globally. This is due to low fertility rate (TFR of 1.2 in 2011); and increasing life expectancy (18.3 years for men and 21.8 years for women at age 65 in 2011). Its support ratio (working age persons/elderly) is projected to decline from 7.9 in 2011 to 2.2 by 2030, representing a steep decline. It primarily relies on a mandatory savings tier to finance old age. This tier is administered by a statutory Board called Central Provident Fund (CPF) under the Ministry of Manpower. The CPF has over the years been used not just for retirement, but for housing health care, and other purposes. Its wide scope and mandate has resulted in considerable complexity. This paper provides an assessment of the extent to which the current old age financing arrangements are likely to address longevity, inflation, and survivors’ risks faced by individuals in their old age. Not only each person will need support for a longer period in old age, but societal and individual expectations about old age support are also changing, reflecting the affluent society.
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Fertility and religion in Malaysia
Item Type: Conference or Workshop Item
Editor:
Year: 00/00/2012
Abstract: This paper presents a summary of literature review on the subject of religious fertility differential for a research at the Institute of Graduate Studies, University of Malaya and initial results from investigations using the MPFS 41 (Peninsular Malaysia) data. Conceptual frameworks due to Davis and Blake (1956) and Bongaarts (1978) are used to construct a framework of data analysis using SPSS, concentrating on one-way ANOVA and Stepwise Multiple Regression. Next, the influence of religion on age-at-firt-marriage is compared to that of education level, pre-marital working experience and place of residence. Similar to studies done elsewhere, Muslims in Peninsular Malaysia have the highest fertility level and the lowest age at first marriage.
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