Population Aging and Potential Growth in Asia-Reference-Cited by-同舟云学术

Population Aging and Potential Growth in Asia

Published:2016-09 Issue:2 Volume:33 Page:56-73
ISSN:0116-1105
Container-title:Asian Development Review
language:en
Short-container-title:Asian Development Review

Author:

Otsu Keisuke¹,Shibayama Katsuyuki²

Affiliation:

1. Keisuke Otsu (corresponding author): Lecturer in Macroeconomics and Growth and Deputy Director of Macroeconomics Growth and History Centre, School of Economics, University of Kent, United Kingdom.

2. Katsuyuki Shibayama: Lecturer in Economics, School of Economics and Macro-economics, Growth, and History Centre, University of Kent, United Kingdom.

Abstract

We study the effects of projected population aging on potential growth in Asian economies over the period 2015–2050. We find that an increase in the share of the population over 64 years of age will significantly lower output growth through decreased labor participation. Population aging can also reduce economic growth through increased labor income taxes and dampened productivity growth.

Publisher

World Scientific Pub Co Pte Lt

Subject

Development,Geography, Planning and Development

Link

https://www.worldscientific.com/doi/pdf/10.1162/ADEV_a_00072

Reference15 articles.

1. THE SAVING RATE IN JAPAN: WHY IT HAS FALLEN AND WHY IT WILL REMAIN LOW

2. Population Aging and Aggregate Consumption in Developing Asia

3. The Next Generation of the Penn World Table

4. Getting Income Shares Right

5. Indivisible labor and the business cycle

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