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Fixing Inequality in Hong Kong$
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Yue Chim Richard Wong

Print publication date: 2017

Print ISBN-13: 9789888390625

Published to Hong Kong Scholarship Online: January 2018

DOI: 10.5790/hongkong/9789888390625.001.0001

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Means-Tested Old Age Allowances versus Universal Retirement Schemes

Means-Tested Old Age Allowances versus Universal Retirement Schemes

(p.240) 33 Means-Tested Old Age Allowances versus Universal Retirement Schemes
Fixing Inequality in Hong Kong

Yue Chim Richard Wong

Hong Kong University Press

Public discussions of old age retirement support have always been very confusing because they involve two different concerns: alleviating poverty, and getting votes (or building political support). It is obvious that some advocates are concerned with the plight of the elderly poor. Poverty among the elderly population is particularly devastating because they have ceased to work and, if they have no savings, they must rely on others to support them. Not everyone can ask their children for help. Hong Kong has numerous social transfer schemes to support the elderly poor without means. One can query whether these schemes are adequate, and if not, how they can be enhanced. One can also ask how an enhanced scheme could be financed. But a universal scheme, such as that demanded by politicians and social advocates, is not a necessity for helping the elderly poor.

Keywords:   Elderly poor, Old Age Living Allowance, Retirement protection

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