Population aging and potential growth in Asia

Keisuke Otsu, Katsuyuki Shibayama

Research output: Contribution to journalArticle

4 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 languageEnglish
Pages (from-to)56-73
Number of pages18
JournalAsian Development Review
Volume33
Issue number2Special Issue
DOIs
Publication statusPublished - 2016 Sep

Keywords

  • Economic growth
  • Population aging

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development

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