Population, Wealth, and Economic Growth in the Asia and Pacific Region

Date: October 2011
Type: Papers and Briefs
Series: Economics Working Papers
Author: Mason, Andrew; Lee, Sang-Hyop


This paper shows how changes in population age structure have been favorable to improved living standards throughout developing Asia during recent decades. However, over the decades, growth in the oldest age groups could serve as a serious drag on economic growth. Given appropriate development policies, however, population aging can lead to increased capital, greater investment in education and health, and continued economic growth.


  • Abstract
  • Introduction
  • The First Demographic Dividend
  • The Second Demographic Dividend
  • Population, Savings, and Wealth
  • The Economic Life Cycle
  • Support Ratio
  • Life Cycle Wealth, Pensions, and Transfer Systems
  • Human Capital
  • Policy Implications and Conclusions
  • Appendix: Statistical Tables
  • References