You searched for: Content Type Commentary and Analysis Remove constraint Content Type: Commentary and Analysis Publishing Institution East-West Center Remove constraint Publishing Institution: East-West Center Political Geography Asia-Pacific Remove constraint Political Geography: Asia-Pacific Publication Year within 1 Year Remove constraint Publication Year: within 1 Year Publication Year within 10 Years Remove constraint Publication Year: within 10 Years Topic Economy Remove constraint Topic: Economy
- Author: Andew Mason, Sang-Hyop Lee, Donghyun Park
- Publication Date: 05-2020
- Content Type: Commentary and Analysis
- Institution: East-West Center
- Abstract: Elderly populations in Asia are expanding more quickly than other age groups. This shift in population age structure had two major impacts: demand for income support for the elderly will rise because their labor income tends to be extremely low; and gross domestic product (GDP) and other aggregate economic indicators will grow more slowly as growth in the effective labor force declines. In countries where government programs play an important role in old-age support, tax rates will have to rise or benefits will have to be curtailed or both—all options with significant political costs.
- Topic: Demographics, Labor Issues, Population, GDP, Economy
- Political Geography: Asia, Asia-Pacific