Aging in the Asian “Tigers” : Challenges for Fiscal Policy

Author/Editor:

Peter S. Heller

Publication Date:

October 1, 1997

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The paper assesses the government expenditure effects from changing demographics in the Asian “Tiger” economies through 2050. With some exceptions, their limited social insurance commitments initially suggest that aging populations may not adversely affect fiscal balances. Yet for all the Tigers, changing illness patterns and medical modernization may combine with demographics to intensify budgetary pressures. The paper notes the implications of the Tigers’ reliance on private sector pension and medical insurance systems; the need for an active public role; and the complications for fiscal analysis when private sector instruments are used, in a mandatory way, as public policy instruments.

Series:

Working Paper No. 97/143

Subject:

English

Publication Date:

October 1, 1997

ISBN/ISSN:

9781451856309/1018-5941

Stock No:

WPIEA1431997

Format:

Paper

Pages:

55

Please address any questions about this title to publications@imf.org