Abstract
In developing countries where social security systems are not well established, the elderly have to find alternate ways in which to finance their retirement. Common retirement age in Indonesia is at 55 years old. Due to the absence of their formal support system, a lot of elderly work again, mostly in informal sectors. Familial transfers can also be an alternate ways to support their consumption. In addition to familial transfers, wealth and savings play an important role in supporting the elderly.
From the Indonesia National Transfers Account, it shows that assets play an important role in financing the elderly consumption, which covers almost 50 percent of their consumption. However, there is also a tendency that informal works support a lot of elderly during their post-retirement. Accumulated asset at the retirement age can be an important initial capital for the elderly to create an informal sector and keep working to continuously support their consumption.
From the Indonesia National Transfers Account, it shows that assets play an important role in financing the elderly consumption, which covers almost 50 percent of their consumption. However, there is also a tendency that informal works support a lot of elderly during their post-retirement. Accumulated asset at the retirement age can be an important initial capital for the elderly to create an informal sector and keep working to continuously support their consumption.
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Event ID
17
Session 2
Paper presenter
51 245
Type of Submissions
Regular session presentation, if not selected I agree to present my paper as a poster
Language of Presentation
English
First Choice History
Initial First Choice
Initial Second Choice
Weight in Programme
1 000
Status in Programme
1