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Title: Saving, wealth, and the demographic transition in East Asia 
Author: Lee, Ronald Demos; Mason, Andrew; Miller, Timothy
Date: 1997
Publisher: Honolulu: East-West Center
Abstract: This paper assesses the extent to which demographic forces can explain the substantial increases in national saving rates in East Asia over the last few decades, under the strong assumption that saving is motivated by a desire to provide for consumption in retirement. Comparative, steady-state analysis shows that relatively low rates of saving should characterize either pre- or post-transition societies, but that post-transition societies have a much higher demand for wealth than do societies yet to have begun their demographic transition. A dynamic simulation model is used to analyze saving rates during the transition. Using detailed demographic and economic data based on the experience of Taiwan, we show that demographic factors may underlie a substantial portion of the rise in net national saving experienced in the region. Further, our model anticipates a rapid decline in saving as countries approach the end of their demographic transitions and achieve high levels of wealth.
Series/Report No.: East-West Center working papers. Population series ; no. 88-7
Description: For more about the East-West Center, see http://www.eastwestcenter.org/
Pages/Duration: 43 pages
URI: http://hdl.handle.net/10125/3633
LC Subject Headings: Saving and investment - East Asia
Wealth - East Asia
Demographic transition - East Asia

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