East Asian economic development: Two demographic dividends
AbstractCountries throughout the world are experiencing changes in their population age structure, but they are particularly rapid in East Asia. During the last part of the 20th Century the region benefited from an increased concentration of population in the working ages. Population aging is now the increasing rapidly with potentially adverse economic effects. The evidence presented here shows that population aging can lead to a second demographic dividend because population aging may lead to rapid capital accumulation. This appears to have occurred in East Asia because public support systems for the elderly are smaller and because family support systems are in decline.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Asian Economics.
Volume (Year): 19 (2008)
Issue (Month): 5-6 ()
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Web page: http://www.elsevier.com/locate/asieco
Population Aging Saving Wealth;
Other versions of this item:
- Andrew Mason & Tomoko Kinugasa, 2005. "East Asian Economic Development: Two Demographic Dividends," Economics Study Area Working Papers 83, East-West Center, Economics Study Area.
- J1 - Labor and Demographic Economics - - Demographic Economics
- E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
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