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The economic lifecycle and support systems in Asia

In: Aging, Economic Growth, and Old-Age Security in Asia

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Listed:
  • Sang-Hyop Lee
  • Andrew Mason

Abstract

First, the expert contributors argue, Asia must find ways to sustain rapid economic growth in the face of less favorable demographics, which implies slower growth of the workforce. Second, they contend, Asia must find ways to deliver affordable, adequate, and sustainable old-age economic security for its growing elderly population. Underpinned by rigorous analysis, a wide range of concrete policy options for sustaining economic growth while delivering economic security for the elderly are then presented. These include Asia-wide policy options – relevant to the entire region – such as building up strong national pension systems, while other policy options are more relevant to sub-groups of countries.

Suggested Citation

  • Sang-Hyop Lee & Andrew Mason, 2012. "The economic lifecycle and support systems in Asia," Chapters, in: Donghyun Park & Sang-Hyop Lee & Andrew Mason (ed.), Aging, Economic Growth, and Old-Age Security in Asia, chapter 5, pages 130-160, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15088_5
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    References listed on IDEAS

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    1. Sang-Hyop Lee & Naohiro Ogawa, 2011. "Labor income over the lifecylce: an international comparison," Chapters, in: Ronald Lee & Andrew Mason (ed.), Population Aging and the Generational Economy, chapter 5, Edward Elgar Publishing.
    2. Miguel Székely & Orazio P. Attanasio, 2000. "Household Saving in Developing Countries - Inequality, Demographics and All That: How Different are Latin America and South East Asia?," Research Department Publications 4221, Inter-American Development Bank, Research Department.
    3. N/A, 2011. "The UK economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 218(1), pages 3-3, October.
    4. David A. Wise, 2009. "Developments in the Economics of Aging," NBER Books, National Bureau of Economic Research, Inc, number wise09-1, March.
    5. Andrew Mason & Ronald Lee & An-Chi Tung & Mun-Sim Lai & Tim Miller, 2009. "Population Aging and Intergenerational Transfers: Introducing Age into National Accounts," NBER Chapters, in: Developments in the Economics of Aging, pages 89-122, National Bureau of Economic Research, Inc.
    6. N/A, 2011. "The UK economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 216(1), pages 3-3, April.
    7. Ronald Lee & Andrew Mason (ed.), 2011. "Population Aging and the Generational Economy," Books, Edward Elgar Publishing, number 13816.
    8. Jonathan Gruber & David A. Wise, 1999. "Introduction to "Social Security and Retirement around the World"," NBER Chapters, in: Social Security and Retirement around the World, pages 1-35, National Bureau of Economic Research, Inc.
    9. Miguel Székely & Orazio P. Attanasio, 2000. "Household Saving in Developing Countries - Inequality, Demographics and All That: How Different are Latin America and South East Asia?," Research Department Publications 4221, Inter-American Development Bank, Research Department.
    10. repec:idb:wpaper:427 is not listed on IDEAS
    11. Andrew Mason & Naohiro Ogawa & Amontheo Chawla & Rikiya Matsukura, 2011. "Asset-based flows from a generational perspective," Chapters, in: Ronald Lee & Andrew Mason (ed.), Population Aging and the Generational Economy, chapter 9, Edward Elgar Publishing.
    12. Donghyun Park & Sang-Hyop Lee & Andrew Mason (ed.), 2012. "Aging, Economic Growth, and Old-Age Security in Asia," Books, Edward Elgar Publishing, number 15088.
    13. An-Chi Tung, 2011. "Consumption over the lifecycle: an international comparison," Chapters, in: Ronald Lee & Andrew Mason (ed.), Population Aging and the Generational Economy, chapter 6, Edward Elgar Publishing.
    14. Tim Miller, 2011. "The rise of the intergenerational state: aging and development," Chapters, in: Ronald Lee & Andrew Mason (ed.), Population Aging and the Generational Economy, chapter 7, Edward Elgar Publishing.
    15. Jonathan Gruber & David A. Wise, 1999. "Social Security and Retirement around the World," NBER Books, National Bureau of Economic Research, Inc, number grub99-1, March.
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    Cited by:

    1. Chomik, Rafal & McDonald, Peter & Piggott, John, 2016. "Population ageing in Asia and the Pacific: Dependency metrics for policy," The Journal of the Economics of Ageing, Elsevier, vol. 8(C), pages 5-18.
    2. Kim, Hyun Kyung & Lee, Sang-Hyop, 2021. "The effects of population aging on South Korea’s economy: The National Transfer Accounts approach," The Journal of the Economics of Ageing, Elsevier, vol. 20(C).

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