IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/15088_1.html
   My bibliography  Save this book chapter

Overview: why does population aging matter so much for Asia? Population aging, economic growth, and economic security in Asia

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

Author

Listed:
  • Sang-Hyop Lee
  • Andrew Mason
  • Donghyun Park

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 & Donghyun Park, 2012. "Overview: why does population aging matter so much for Asia? Population aging, economic growth, and economic security in Asia," Chapters, in: Donghyun Park & Sang-Hyop Lee & Andrew Mason (ed.), Aging, Economic Growth, and Old-Age Security in Asia, chapter 1, pages 1-31, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15088_1
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781781952306.00007.xml
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robert L. Clark & Naohiro Ogawa & Andrew Mason (ed.), 2007. "Population Aging, Intergenerational Transfers and the Macroeconomy," Books, Edward Elgar Publishing, number 12608.
    2. Joshua R. Goldstein & Tomáš Sobotka & Aiva Jasilioniene, 2009. "The End of “Lowest‐Low” Fertility?," Population and Development Review, The Population Council, Inc., vol. 35(4), pages 663-699, December.
    3. David A. Wise, 2009. "Developments in the Economics of Aging," NBER Books, National Bureau of Economic Research, Inc, number wise09-1, June.
    4. 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.
    5. Martin Feldstein, 1998. "Privatizing Social Security," NBER Books, National Bureau of Economic Research, Inc, number feld98-1, June.
    6. Feldstein, Martin S, 1974. "Social Security, Induced Retirement, and Aggregate Capital Accumulation," Journal of Political Economy, University of Chicago Press, vol. 82(5), pages 905-926, Sept./Oct.
    7. Ronald Lee & Andrew Mason (ed.), 2011. "Population Aging and the Generational Economy," Books, Edward Elgar Publishing, number 13816.
    8. William G. Gale, 1998. "The Effects of Pensions on Household Wealth: A Reevaluation of Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 106(4), pages 706-723, August.
    9. Andrew Mason & Ronald Lee, 2011. "Population aging and the generational economy: key findings," Chapters, in: Ronald Lee & Andrew Mason (ed.), Population Aging and the Generational Economy, chapter 1, Edward Elgar Publishing.
    10. Donghyun Park & Sang-Hyop Lee & Andrew Mason (ed.), 2012. "Aging, Economic Growth, and Old-Age Security in Asia," Books, Edward Elgar Publishing, number 15088.
    11. Gary S. Becker & Robert J. Barro, 1988. "A Reformulation of the Economic Theory of Fertility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 103(1), pages 1-25.
    12. Joshua R. Goldstein & Tomáš Sobotka & Aiva Jasilioniene, 2009. "The end of 'lowest-low' fertility? (with supplementary materials)," MPIDR Working Papers WP-2009-029, Max Planck Institute for Demographic Research, Rostock, Germany.
    13. Dirk Krueger & Felix Kubler, 2002. "Intergenerational Risk-Sharing via Social Security when Financial Markets Are Incomplete," American Economic Review, American Economic Association, vol. 92(2), pages 407-410, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ha, Nguyen Thi Thu & Hoa, Lam Ba, 2018. "On the Causality Relationship between Demographic Changes, Economic Growth and Domestic Savings in Vietnam," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(2), pages 27-38.
    2. Holzmann, Robert, 2013. "A Provocative Perspective on Population Aging and Old-Age Financial Protection," IZA Discussion Papers 7571, Institute of Labor Economics (IZA).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jorge Tovar & B. Urdinola, 2014. "Inequality in National Inter-Generational Transfers: Evidence from Colombia," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 20(2), pages 167-187, May.
    2. Sang-Hyop LEE & Andrew MASON & Donghyun PARK, 2011. "Why Does Population Aging Matter So Much for Asia? Population Aging, Economic Security and Economic Growth in Asia," Working Papers DP-2011-04, Economic Research Institute for ASEAN and East Asia (ERIA).
    3. Lee, R., 2016. "Macroeconomics, Aging, and Growth," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 59-118, Elsevier.
    4. Hippolyte d'Albis & Carole Bonnet & Xavier Chojnicki & Najat El Mekkaouide Freitas & Angela Greulich & Jérôme Hubert & Julien Navaux, 2018. "Who pays for the consumption of young and old?," PSE Working Papers halshs-01799724, HAL.
    5. Hippolyte d'Albis & Carole Bonnet & Xavier Chojnicki & Najat El Mekkaoui & Angela Greulich & Jérôme Hubert & Julien Navaux, 2019. "Financing the Consumption of the Young and Old in France," Population and Development Review, The Population Council, Inc., vol. 45(1), pages 103-132, March.
    6. 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.
    7. Alexia Prskawetz & Jože Sambt, 2014. "Economic support ratios and the demographic dividend in Europe," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 30(34), pages 963-1010.
    8. Andrew Mason & Sang-Hyop Lee, 2012. "Population, wealth, and economicgrowth in Asia and the Pacific," Chapters, in: Donghyun Park & Sang-Hyop Lee & Andrew Mason (ed.), Aging, Economic Growth, and Old-Age Security in Asia, chapter 2, pages 32-82, Edward Elgar Publishing.
    9. David E. Bloom & Jocelyn Finlay & Salal Humair & Andrew Mason & Olanrewaju Olaniyan & Adedoyin Soyibo, 2016. "Prospects for Economic Growth in Nigeria: A Demographic Perspective," PGDA Working Papers 12715, Program on the Global Demography of Aging.
    10. Adedoyin Soyibo & Olanrewaju Olaniyan & Akanni O. Lawanson, 2011. "The structure of generational public transfer flows in Nigeria," Chapters, in: Ronald Lee & Andrew Mason (ed.), Population Aging and the Generational Economy, chapter 25, Edward Elgar Publishing.
    11. Mikkel Christoffer Barslund & Marten von Werder, 2016. "Measuring dependency ratios using National Transfer Accounts," Vienna Yearbook of Population Research, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna, vol. 14(1), pages 155-186.
    12. Michael R.M. Abrigo & Sang-Hyop Lee & Donghyun Park, 2018. "Human Capital Spending, Inequality, and Growth in Middle-Income Asia," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(6), pages 1285-1303, May.
    13. 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.
    14. Sang-Hyop Lee & Jungsuk Kim & Donghyun Park, 2017. "Demographic Change and Fiscal Sustainability in Asia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 134(1), pages 287-322, October.
    15. 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.
    16. Heinrich Hock & David Weil, 2012. "On the dynamics of the age structure, dependency, and consumption," Journal of Population Economics, Springer;European Society for Population Economics, vol. 25(3), pages 1019-1043, July.
    17. Abrigo, Michael R.M. & Racelis, Rachel H. & Salas, J.M. Ian & Herrin, Alejandro N., 2016. "Decomposing economic gains from population age structure transition in the Philippines," The Journal of the Economics of Ageing, Elsevier, vol. 8(C), pages 19-27.
    18. Andras Simonovits, 2015. "Socially Optimal Child-Related Transfers and Personal Income Tax with Endogenous Fertility," CERS-IE WORKING PAPERS 1537, Institute of Economics, Centre for Economic and Regional Studies.
    19. Ratbek Dzhumashev & Ainura Tursunalieva, 2016. ""Keeping up with the Joneses" and fertility choice," Monash Economics Working Papers 30-16, Monash University, Department of Economics.
    20. Iván Mejia-Guevara, 2011. "The econoic lifecycle and intergenerational redistribution in Mexico," Chapters, in: Ronald Lee & Andrew Mason (ed.), Population Aging and the Generational Economy, chapter 13, Edward Elgar Publishing.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:15088_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.