A very interesting research was done by Development Pathways for the United Nations Development Program (UNDP), about Inequality and social security in the Asia-Pacific Region. The paper argues that high income inequality can engender a wide range of negative impacts an that investments in social security (universal schemes where contributory and tax financed mechanism are combined) are one of the most effective means of tackling inequality. The report demonstrates that, both globally and in the Asia-Pacific region, universal social security systems are much more effective than poverty-targeted systems in reducing inequality. If countries in the region make the move to modern, universal lifecycle systems, the impacts on inequality would be impressive. And, the more that countries invest, the higher will be the impacts on family wellbeing, employment, social cohesion and economic growth.
You can read the full paper here.
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