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Population Aging and Potential Growth in Asia

Otsu, Keisuke, Shibayama, Katsuyuki (2016) Population Aging and Potential Growth in Asia. Asian Development Review, 33 (2). pp. 56-73. ISSN 0116-1105. (doi:10.1162/ADEV_a_00072) (KAR id:58705)

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http://dx.doi.org/10.1162/ADEV_a_00072

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.

Item Type: Article
DOI/Identification number: 10.1162/ADEV_a_00072
Uncontrolled keywords: economic growth, population aging
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: K. Otsu
Date Deposited: 17 Nov 2016 09:35 UTC
Last Modified: 06 Feb 2020 04:15 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/58705 (The current URI for this page, for reference purposes)
Shibayama, Katsuyuki: https://orcid.org/0000-0003-3472-398X
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