Why Does Population Aging Matter So Much for Asia? Population Aging, Economic Growth, and Economic Security in Asia

Date: October 2011
Type: Papers and Briefs
Subject:
Series: Economics Working Papers
ISSN: 1655-5252 (print)
Author: Lee, Sang-Hyop; Mason, Andrew; Park, Donghyun

Description

This paper describes the region's old-age support systems, and highlight the socioeconomic implications of the demographic transition. Aging populations present two fundamental challenges to Asian policymakers: (i) developing socioeconomic systems that can provide economic security to growing numbers of elderly while (ii) sustaining strong economic growth over the next few decades. Successfully addressing these two challenges will be vital for ensuring Asia's continued economic success in the medium and long term.

Contents

  • Abstract
  • Introduction
  • Key Features of Aging in Asia
  • The Economic Lifecycle and the Support Ratio
  • Conclusions
  • Appendix
  • References