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Population Aging and Potential Growth in Asia

Keisuke Otsu () and Katsuyuki Shibayama

Asian Development Review, 2016, vol. 33, issue 2, 56-73

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.

Keywords: economic growth; population aging (search for similar items in EconPapers)
JEL-codes: E13 O40 (search for similar items in EconPapers)
Date: 2016
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