China’s Second Demographic Dividend

Fang Cai ()
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Fang Cai: Chinese Academy of Social Sciences

Chapter Chapter 8 in Understanding China's Economy, 2021, pp 133-146 from Springer

Abstract: Abstract This chapter explores whether the Chinese economy can create a reform induced demographic dividend whilst in the Lewis turning interval. The unique outcome of China’s demographic transition has been summarised as being ‘old before rich’. Its ageing society also means that, compared with other countries, China will face challenges that are greater in number, in scale, and in rarity. Such challenges can be subdivided into several areas for closer inspection, and include the premature disappearance of the demographic dividend, the difficulties in initiating a second demographic dividend, insufficient resources for old age care.

Keywords: Chinese turning point; The second demographic dividend; Savings rate and the pension system; Human resource value (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-33-6322-9_8

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DOI: 10.1007/978-981-33-6322-9_8

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