- Title Pages
- Dedication
- Illustrations
- Foreword
- Foreword
- Foreword
- Preface
-
1 The Panama Syndrome and the Origins of Deep Contradictions -
2 Contradictions in the Policy Environment -
3 Growing as a Part of China: A Historical Perspective -
4 External Shocks and Price Stability under the Linked Rate -
5 Why the Present Budget Policy Is Still the Most Sensible -
6 Looming Population Challenges -
7 Economic Competition and Structural Change -
8 Global Economic Integration and the Distribution of Housing Wealth -
9 Diversity and Occasional Anarchy: The Key to a Great City -
10 Cities, Human Capital, and Economic Development -
11 On the Creative and Innovative Economy -
12 Core Values, Functional Constituencies, and the Democratic Principle -
13 Simple Ideas in Political Economy -
14 Taxation, Regulation, and the Rational Politician -
15 Why Is Housing So Expensive? -
16 Education for Equality and Growth -
17 On Public Health Care Finances -
18 Mandatory Provident Fund Needs Reform -
19 Can We Afford Old Age Social Security? -
20 Economic Consequences of Universal Old Age Social Pensions -
21 How Can We Get Out of the Housing Quandary? -
22 Why Reforming Subsidized Housing Makes Sense - About the Author
Can We Afford Old Age Social Security?
Can We Afford Old Age Social Security?
- Chapter:
- (p.181) 19 Can We Afford Old Age Social Security?
- Source:
- Diversity and Occasional Anarchy
- Author(s):
Yue Chim Richard Wong
- Publisher:
- Hong Kong University Press
In the 2012 contest for chief executive, the two candidates, Leung Chun Ying and Henry Tang, both put forth proposals for old age social security support. In this chapter, the author estimates the long-term cost of the proposals made by Leung and Tang and compares them with the long-term cost of the current welfare payments for the elderly. Their proposals are also compared with the one put forward by Professor Chow Wing-sun. Among the three proposals, conspicuously Leung's is the most affordable one. It is important to separate the issues of poverty and financing old age support. This chapter discusses three critical factors which led to the formation of government-funded old age social security schemes in the West, and states that the public must think twice about allowing our politicians to follow the footsteps of British politicians in the past.
Keywords: Old age social security, Old age support, Poverty, Elderly, Policies, Hong Kong, China, Economy
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- Title Pages
- Dedication
- Illustrations
- Foreword
- Foreword
- Foreword
- Preface
-
1 The Panama Syndrome and the Origins of Deep Contradictions -
2 Contradictions in the Policy Environment -
3 Growing as a Part of China: A Historical Perspective -
4 External Shocks and Price Stability under the Linked Rate -
5 Why the Present Budget Policy Is Still the Most Sensible -
6 Looming Population Challenges -
7 Economic Competition and Structural Change -
8 Global Economic Integration and the Distribution of Housing Wealth -
9 Diversity and Occasional Anarchy: The Key to a Great City -
10 Cities, Human Capital, and Economic Development -
11 On the Creative and Innovative Economy -
12 Core Values, Functional Constituencies, and the Democratic Principle -
13 Simple Ideas in Political Economy -
14 Taxation, Regulation, and the Rational Politician -
15 Why Is Housing So Expensive? -
16 Education for Equality and Growth -
17 On Public Health Care Finances -
18 Mandatory Provident Fund Needs Reform -
19 Can We Afford Old Age Social Security? -
20 Economic Consequences of Universal Old Age Social Pensions -
21 How Can We Get Out of the Housing Quandary? -
22 Why Reforming Subsidized Housing Makes Sense - About the Author
