The demographic transition and economic growth in the Pacific Rim

Date
2008-08-16
Authors
Mason, Andrew
Lee, Ronald Demos
Lee, Sang-Hyop
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Abstract
Declining morality followed by declining fertility over the demographic transition initially produce decades of rising child dependency, then decades of improving support ratios as child dependency falls (the "first dividend" which raises per capita consumption, other things equal), and finally population aging. India and ASEAN are in the first dividend period; China and Korea are near its end; and Japan's population is aging.
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Keywords
Demographic transition - Asia, Population aging - Economic aspects - Asia
Citation
Mason, Andrew, Ronald Lee, and Sang-Hyop Lee. 2008. The demographic transition and economic growth in the Pacific Rim. Paper prepared for the East Asian Seminar on Economics (EASE), held in Seoul, Korea, June 19-21, 2008.
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