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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Asian Development Bank (ADB)

Working Paper No. 284

Why Does Population Aging Matter So Much for Asia? Population Aging, Economic Growth, and Economic Security in Asia [November 2011]

by Sang-Hyop Lee, Andrew Mason, and Donghyun Park

http://beta.adb.org/publications/why-does-population-aging-matter-so-much-asia?ref=data/publications

or

http://beta.adb.org/sites/default/files/economics-wp284.pdf

[full-text, 33 pages]

Description

This paper describes the region's old-age support systems, and highlight the socioeconomic implications of the demographic transition. 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.

Contents

Abstract

Introduction

Key Features of Aging in Asia

The Economic Lifecycle and the Support Ratio

Conclusions

Appendix

References

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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 262-6041               
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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