Implications for Savings of Aging in the Asian “Tigers”

IMF Working Papers, October 1, 1997

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Implications for Savings of Aging in the Asian “Tigers”

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Bibliographic details

• Authors: Steven A. Symansky, Peter S. Heller
• Published: October 1, 1997
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781451855777.001

Summary findings

• Significant aging is projected for many high-saving emerging economies of East and Southeast Asia.
• By 2025, the share of the elderly in their populations will at least double in most of these countries.
• The share of the young will fall.
• Aging populations could adversely affect saving rates in these economies, particularly after 2025.
• Initially, the Asian Tigers could become increasingly important for world savings, reflecting:
  • their increased weight in the world economy,
  • their high saving and growth rates,
  • and the aging of the industrial countries.
• After 2025, the aging of the Tigers may reinforce the tendency toward a declining world saving rate.

Key quantitative points cited

• By 2025: the share of the elderly will at least double in most of these countries.
• Timing emphasis: adverse effects on saving rates are highlighted as particularly significant after 2025.

Thematic coverage (subjects and keywords)

• Subjects: Aging, Demographic change, National accounts, Population and demographics, Private savings, Public sector savings
• Keywords: Aging, Asia, Demographic change, demographics, dependency rate, East Asia, Global, high-saving country, household savings data, Private savings, private sector, Public sector savings, rate Tigers, saving, saving rate, savings, savings behavior, savings imbalance, Southeast Asia, Tiger saving, world saving, WP

Document identifiers (as provided on the page)

• Pages: 42
• Volume: 1997
• Issue: 136
• Series: Working Paper No. 1997/136
• DOI: https://doi.org/10.5089/9781451855777.001
• Stock No: WPIEA1361997
• ISBN: 9781451855777
• ISSN: 1018-5941

Implications for Savings of Aging in the Asian “Tigers”, Steven A. Symansky and Peter S. Heller, IMF Working Papers 1997, 136.

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• Implications for Savings of Aging in Asian "Tigers" - WP/97/136
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