The final product of the proposed study, the recommended policies, will help to establish an adequate
and affordable retirement income protection system in Hong Kong and to level-off the accumulated
disadvantages in old age.
The longitudinal data to be obtained in this study will be used to compare other similar longitudinal
studies of aging in many other nations including Canada, China, Costa Rican, European countries,
India, Ireland, Japan, Korea, Mexica, and United Kingdom.
Dynamic macro- and micro-simulation models to be developed in this study will be used to evaluate
any proposed structural and parametric reform in our retirement income protection system. Moreover,
the micro-simulation modeling developed in this project will also easily accommodate the demand
from other social policy issues related to the elderly like demand and financial burden of long term
care for the elderly people.