East Asian Economic Development: Two Demographic Dividends

Andrew Mason and Tomoko Kinugasa

No 83, Economics Study Area Working Papers from East-West Center, Economics Study Area

Abstract: The important of the demographic dividend to East Asian economic growth is now widely recognized. During the last four decades of the 20th Century the working age populations grew much more rapidly than the dependent populations fueling growth in per capita income. Over the coming decades, however, demographic change is seemingly unfavorable. In the coming decades the working-age populations of many countries will grow more slowly than dependent populations because of rapid growth of the elderly. Thus, the demographic dividend will be undone. The thesis advanced in this presentation, however, is that appropriate economic policy could produce a second demographic dividend - one that is as great or greater than the first dividend and one that may last indefinitely. Contrary to popular wisdom, population aging may prove to be the source of stronger economic growth and greater prosperity in East Asia.

JEL-codes: E1 E2 J1 (search for similar items in EconPapers)
Pages: pages
Date: 2005-06
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: East Asian economic development: Two demographic dividends (2008)
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