Please use this identifier to cite or link to this item: http://hdl.handle.net/10125/67884

An aging population in Asia creates economic challenges

Item Summary

Title:An aging population in Asia creates economic challenges
Authors:Mason, Andrew
Lee, Sang-Hyop
Park, Donghyun
Date Issued:08 May 2020
Publisher:Honolulu, HI : East-West Center
Abstract:Elderly populations in Asia are expanding more quickly than other age groups. This shift in population age structure had two major impacts: Demand for income support for the elderly will rise because their labor income tends to be extremely low; and gross domestic product (GDP) and other aggregate economic indicators will grow more slowly as growth in the effective labor force declines. In countries where government programs play an important role in old-age support, tax rates will have to rise or benefits will have to be curtailed or both—all options with significant political costs.
Description:For more about the East-West Center, see http://www.eastwestcenter.org/
URI:http://hdl.handle.net/10125/67884
Appears in Collections: East-West Wire


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