Implications for Savings of Aging in the Asian “Tigers”

October 1, 1997

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Steven A. Symansky, and Peter S. Heller Implications for Savings of Aging in the Asian “Tigers”, (USA: International Monetary Fund, 1997) accessed September 19, 2024

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

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. For the world, one may observe that, 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.

Subject: 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

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1997/136
Stock No:

WPIEA1361997
ISBN:

9781451855777
ISSN:

1018-5941

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