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Are We Missing Out on the Demographic Dividend? Trends and Prospects

Author

Listed:
  • Herrin, Alejandro N.
  • Salas, J.M. Ian S.
  • Abrigo, Michael Ralph M.
  • Ortiz, Danica Aisa P.
  • Racelis, Rachel H.
  • Tam, Zhandra C

Abstract

The Philippines is slowly ageing. In a little over a decade, the country’s elderly will comprise at least 7 percent of the total population. This rising tide may pose some substantial burden on the country’s resources. Nonetheless, the same economic and demographic forces that will eventually lead to population ageing may also provide potentials for economic growth. This paper documents the country’s historical experience of the demographic dividend using new National Transfer Account time-series estimates for the Philippines. These estimates also reflect how the interaction between public policy and population ageing may affect household welfare and fiscal balance in the foreseeable future.

Suggested Citation

  • Herrin, Alejandro N. & Salas, J.M. Ian S. & Abrigo, Michael Ralph M. & Ortiz, Danica Aisa P. & Racelis, Rachel H. & Tam, Zhandra C, 2020. "Are We Missing Out on the Demographic Dividend? Trends and Prospects," Research Paper Series RPS 2020-02, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:rpseri:rps_2020-02
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    Keywords

    National Transfer Accounts; demographic dividend; Philippines; population; ageing population;
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