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East Asian economic development: Two demographic dividends

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Author Info
Mason, Andrew
Kinugasa, Tomoko

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Abstract

Countries 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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File URL: http://www.sciencedirect.com/science/article/B6W53-4TDK6TX-1/2/e3431f6cd7b3c8c064e9dde6bec49e64
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Publisher Info
Article provided by Elsevier in its journal Journal of Asian Economics.

Volume (Year): 19 (2008)
Issue (Month): 5-6 ()
Pages: 389-399
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Handle: RePEc:eee:asieco:v:19:y:2008:i:5-6:p:389-399

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Related research
Keywords: Population Aging Saving Wealth;

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References listed on IDEAS
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  1. Bloom, David E & Williamson, Jeffrey G, 1998. "Demographic Transitions and Economic Miracles in Emerging Asia," World Bank Economic Review, Oxford University Press, vol. 12(3), pages 419-55, September.
    Other versions:
  2. Kelley, Allen C & Schmidt, Robert M, 1996. "Saving, Dependency and Development," Journal of Population Economics, Springer, vol. 9(4), pages 365-86, November.
  3. repec:fth:harver:1490 is not listed on IDEAS
  4. Sebnem Kalemli-Ozcan & David N. Weil, 2002. "Mortality Change, the Uncertainty Effect, and Retirement," NBER Working Papers 8742, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  5. Junji Kageyama, 2003. "The Effects of A Continuous Increase in Lifetime on Saving," Review of Income and Wealth, Blackwell Publishing, vol. 49(2), pages 163-183, 06. [Downloadable!] (restricted)
  6. Cutler, D.M. & Poterba, J.M. & Sheiner, L.M. & Summers, L.H., 1990. "An Aging Society: Opportunity Or Challenge," Working papers 553, Massachusetts Institute of Technology (MIT), Department of Economics.
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  7. Strawczynski, Michel, 1993. "Income uncertainty, bequests and annuities," Economics Letters, Elsevier, vol. 42(2-3), pages 155-158. [Downloadable!] (restricted)
  8. Akira Yakita, 2001. "Uncertain lifetime, fertility and social security," Journal of Population Economics, Springer, vol. 14(4), pages 635-640. [Downloadable!] (restricted)
  9. David E. Bloom & David Canning & Bryan Graham, 2003. "Longevity and Life-cycle Savings," Scandinavian Journal of Economics, Blackwell Publishing, vol. 105(3), pages 319-338, 09. [Downloadable!] (restricted)
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  10. Deaton, A. & Paxson, C., 1998. "Growth, Demographic Structure, and National Saving in Taiwan," Papers 183, Princeton, Woodrow Wilson School - Development Studies.
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  11. Kelley, Allen C, 1988. "Economic Consequences of Population Change in the Third World," Journal of Economic Literature, American Economic Association, vol. 26(4), pages 1685-1728, December. [Downloadable!] (restricted)
  12. Robert M. Schmidt & Allen C. Kelley, 1996. "Saving, dependency and development," Journal of Population Economics, Springer, vol. 9(4), pages 365-386.
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