Population aging and potential growth in Asia

Keisuke Otsu; Katsuyuki Shibayama

doi:10.1162/ADEV_a_00072

Population aging and potential growth in Asia

Keisuke Otsu
, Katsuyuki Shibayama

Research output: Contribution to journal › Article › peer-review

26 Citations (Scopus)

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.

Original language	English
Pages (from-to)	56-73
Number of pages	18
Journal	Asian Development Review
Volume	33
Issue number	2Special Issue
DOIs	https://doi.org/10.1162/ADEV_a_00072
Publication status	Published - 2016 Sept
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Economic growth
Population aging

ASJC Scopus subject areas

Geography, Planning and Development
Development

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10.1162/ADEV_a_00072

Cite this

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title = "Population aging and potential growth in Asia",

abstract = "We study the effects of projected population aging on potential growth in Asian economies over the period 2015{\textendash}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.",

keywords = "Economic growth, Population aging",

author = "Keisuke Otsu and Katsuyuki Shibayama",

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AU - Otsu, Keisuke

AU - Shibayama, Katsuyuki

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AB - 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.

KW - Economic growth

KW - Population aging

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UR - https://www.scopus.com/pages/publications/84988689824#tab=citedBy

U2 - 10.1162/ADEV_a_00072

DO - 10.1162/ADEV_a_00072

M3 - Article

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VL - 33

SP - 56

EP - 73

JO - Asian Development Review

JF - Asian Development Review

IS - 2Special Issue

ER -

Population aging and potential growth in Asia

Abstract

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

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