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Why Does Population Aging Matter So Much for Asia? Population Aging, Economic Growth, and Economic Security in Asia

Author

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  • Lee, Sang-Hyop

    (East-West Center and University of Hawaii at Manoa)

  • Mason, Andrew

    (East-West Center and University of Hawaii at Manoa)

  • Park, Donghyun

    (Asian Development Bank)

Abstract

Asia as a whole is experiencing a rapid demographic transition toward older populations, though different countries are at different stages of this region- wide trend. We document Asia’s aging population, describe the region’s old-age support systems, and highlight the regional socioeconomic implications of the transition for those support systems. Aging populations present two fundamental challenges to Asian policymakers: (1) developing socioeconomic systems that can provide economic security to growing numbers of elderly while (2) sustaining strong economic growth over the next few decades. Successfully addressing these two challenges will be vital for ensuring Asia’s continued economic success in the medium and long term.

Suggested Citation

  • Lee, Sang-Hyop & Mason, Andrew & Park, Donghyun, 2011. "Why Does Population Aging Matter So Much for Asia? Population Aging, Economic Growth, and Economic Security in Asia," ADB Economics Working Paper Series 284, Asian Development Bank.
  • Handle: RePEc:ris:adbewp:0284
    Note: http://www.adb.org/sites/default/files/economics-wp284.pdf
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    Cited by:

    1. Yoshifumi Fukunaga & Arata Kuno, 2012. "Toward a Consolidated Preferential Tariff Structure in East Asia: Going beyond ASEAN+1 FTAs," Working Papers PB-2012-03, Economic Research Institute for ASEAN and East Asia (ERIA).
    2. Rafal Chomik & John Piggott, 2015. "Population Ageing and Social Security in Asia," Asian Economic Policy Review, Japan Center for Economic Research, vol. 10(2), pages 199-222, July.

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