Saving, wealth, and the demographic transition in East Asia Lee, Ronald Demos en_US Mason, Andrew en_US Miller, Timothy en_US 2008-11-19T19:00:20Z 2008-11-19T19:00:20Z 1997 en_US
dc.description For more about the East-West Center, see <a href=""></a> en_US
dc.description.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. en_US
dc.format.extent 43 pages en_US
dc.language.iso en-US en_US
dc.publisher Honolulu: East-West Center en_US
dc.relation.ispartofseries East-West Center working papers. Population series ; no. 88-7 en_US
dc.subject.lcsh Saving and investment - East Asia en_US
dc.subject.lcsh Wealth - East Asia en_US
dc.subject.lcsh Demographic transition - East Asia en_US
dc.title Saving, wealth, and the demographic transition in East Asia en_US
dc.type Papers en_US
dc.type.dcmi Text en_US
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