Demographics and Consumption in Asia Toward 2050
IMF Working Papers, November 21, 2025
Source details
- Canonical URL
- Demographics and Consumption in Asia Toward 2050
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Bibliographic details
- Authors: Sakai Ando, Kaitoh Hidano, Jeongwon Son
- Published: November 21, 2025
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798229032100.001
Research question and methodology
- Research question: What are the implications of demographics on total consumption and its sectoral composition in Asia toward 2050?
- Data and approach:
- Uses household consumption surveys from seven Asian economies.
- Uses UN population projections.
- Focuses on both total consumption and individual consumption categories jointly (noted as scarce in existing literature).
Key findings
- Compositional effects:
- The compositional effects of demographics on total consumption can be large when middle-aged population changes rapidly.
- Sectoral differentials due to aging:
- Due to aging, some categories, including education and transport, may grow slower than others, like health.
- Uncertainty drivers:
- The implications are uncertain due to factors like economic growth, fertility, and migration.
Subjects and keywords
- Subject: Consumption, Education, Household consumption, National accounts, Population and demographics, Population growth
- Keywords: Aging, Asia and Pacific, Consumption, consumption category, Demographics, Household consumption, household consumption survey, IMF working papers, Jeongwon son, Population growth, views of the IMF
Content in this bundle
- Working Paper