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East Asian economic development: Two demographic dividends

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  • Mason, Andrew
  • Kinugasa, Tomoko

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.

Suggested Citation

  • Mason, Andrew & Kinugasa, Tomoko, 2008. "East Asian economic development: Two demographic dividends," Journal of Asian Economics, Elsevier, vol. 19(5-6), pages 389-399.
    • Handle: RePEc:eee:asieco:v:19:y:2008:i:5-6:p:389-399
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    More about this item

    Keywords

    Population Aging Saving Wealth;

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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