The Economic Consequences of Demographic Change in East Asia
The Economic Consequences of Demographic Change in East Asia
Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased government spending. East Asia exemplifies these trends, and this volume offers an in-depth look at how long-term demographic transitions have taken shape there and how they have affected the economy in the region.
The Economic Consequences of Demographic Change in East Asia assembles a group of experts to explore such topics as comparative demographic change, population aging, the rising cost of health care, and specific policy concerns in individual countries. The volume provides an overview of economic growth in East Asia as well as more specific studies on Japan, Korea, China, and Hong Kong. Offering important insights into the causes and consequences of this transition, this book will benefit students, researchers, and policy makers focused on East Asia as well as anyone concerned with similar trends elsewhere in the world.
472 pages | 66 figures, 82 tables | 6 x 9 | © 2010
National Bureau of Economic Research East Asia Seminar on Economics
Economics and Business: Economics--International and Comparative
Table of Contents
Acknowledgments
Introduction
Takatoshi Ito and Andrew K. Rose
I. Economic Growth
1. The Demographic Transition and Economic Growth in the Pacific Rim
Andrew Mason, Ronald Lee, and Sang- Hyop Lee
Comment: Jocelyn E. Finlay
Comment: Jong- Wha Lee
2. Population Aging and Economic Growth in Asia
David E. Bloom, David Canning, and Jocelyn E. Finlay
Comment: Roberto S. Mariano
Comment: Kwanho Shin
3. Demographic Transition, Human Capital Accumulation, and Economic Growth: Some Evidence from Cross- Country and Korean Microdata
Chin Hee Hahn and Chang- Gyun Park
Comment: Meng- chun Liu
Comment: Chulhee Lee
II. Japan
4. Japan’s Unprecedented Aging and Changing Intergenerational Transfers
Naohiro Ogawa, Andrew Mason, Amonthep Chawla, and Rikiya Matsukura
Comment: Worawan Chandoevwit
Comment: Alejandro N. Herrin
5. Pension Issues in Japan: How Can We Cope with the Declining Population?
Noriyuki Takayama
Comment: Worawan Chandoevwit
Comment: Hyungpyo Moon
6. The Effects of Demographic Change on Public Education in Japan
Fumio Ohtake and Shinpei Sano
Comment: Dae Il Kim
Comment: Chang- Gyun Park
III. Korea
7. Intergenerational Transfers and Old- Age Security in Korea
Hisam Kim
Comment: Jiyeun Chang
8. Labor Force Participation of Older Males in Korea: 1955 to 2005
Chulhee Lee
Comment: Kyungsoo Choi
Comment: Fumio Ohtake
IV. China and Hong Kong
9. Long- Term Effects of Early- Life Development: Evidence from the 1959 to 1961 China Famine
Douglas Almond, Lena Edlund, Hongbin Li, and Junsen Zhang
Comment: Ronald Lee
Comment: Naohiro Ogawa
10. Demographic Transition, Childless Families, and Economic Growth
Francis T. Lui
Comment: Hongbin Li
Comment: Roberto S. Mariano
Contributors
Author Index
Subject Index