Why Does Population Aging Matter So Much for Asia? Population Aging, Economic Security and Economic Growth in Asia
AbstractAsia as a whole is experiencing a rapid demographic transition toward older population structures. Within this broader region-wide trend, there is considerable heterogeneity, with different countries at different stages of the demographic transition. In this paper, we document Asia’s population aging, describe the region’s old-age support systems, and draw out the regional socioeconomic implications of population aging and old-age support systems. Population aging gives rise to two fundamental challenges for the region – (1) developing socioeconomic systems that can provide economic security to the growing number of elderly and (2) sustaining strong growth in the face of aging over the next few decades. Successfully addressing those two challenges will be vital for ensuring Asia’s continued economic success in the medium and long term.
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Bibliographic InfoPaper provided by Economic Research Institute for ASEAN and East Asia (ERIA) in its series Working Papers with number DP-2011-04.
Length: 33 pages.
Date of creation: 01 Aug 2011
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-AGE-2011-09-16 (Economics of Ageing)
- NEP-ALL-2011-09-16 (All new papers)
- NEP-CWA-2011-09-16 (Central & Western Asia)
- NEP-DEM-2011-09-16 (Demographic Economics)
- NEP-HEA-2011-09-16 (Health Economics)
- NEP-SEA-2011-09-16 (South East Asia)
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