Aging, Economic Growth, and Old-Age Security in Asia


Donghyun Park, Sang-Hyop Lee, and Andrew Mason (eds.)


Cheltenham, UK: Edward Elgar Publishing Limited; and Northampton, MA: Edward Elgar Publishing, Inc.

Available From: Edward Elgar Publishing
Publication Date: 2012
ISBN: 978-1-7819-230-6
Binding: hardcover
Pages: xvi, 295


Population aging is perhaps the single biggest economic and social obstacle confronting Asia's future. The region-wide demographic transition towards an older population is fundamentally reshaping the demographic landscape, and is giving rise to two key socio-economic challenges. This timely book provides an in-depth analysis of these challenges and presents concrete policy options for tackling them.

First, the expert contributors argue, Asia must find ways to sustain rapid economic growth in the face of less favorable demographics, which implies slower growth of the workforce. Second, they contend, Asia must find ways to deliver affordable, adequate, and sustainable old-age economic security for its growing elderly population. Underpinned by rigorous analysis, a wide range of concrete policy options for sustaining economic growth while delivering economic security for the elderly are then presented. These include Asia-wide policy options — relevant to the entire region — such as building up strong national pension systems, while other policy options are more relevant to sub-groups of countries.

This stimulating and informative book will be of great interest to academics, students, and researchers with an interest in Asian studies, economics generally, and, more specifically, public sector economics.

© Edward Elgar Publishing

Aging, Economic Growth, and Old-Age Security in Asia is a co-publication of the Asian Development Bank and Edward Elgar Publishing.


Details and ordering information at Edward Elgar Publishing.


  1. Overview: why does population aging matter so much for Asia? Population aging, economic growth, and economic security in Asia
  2. Population, wealth, and economic growth in Asia and the Pacific
  3. Impact of population aging on Asia's future growth
  4. Population aging and aggregate consumption in developing Asia
  5. The economic lifecycle and support systems in Asia
  6. Demographic change, intergenerational transfers, and the challenges for social protection systems in the People's Republic of China
  7. Demographic dividends for India: evidence and implications based on National Transfer Accounts
  8. Population aging, economic growth, and integenerational tranfers in Japan: how dire are the prospects?
  9. Summary of key findings and main policy recommendations