Implications for Savings of Aging in the Asian "Tigers"

42 Pages Posted: 15 Feb 2006

See all articles by Peter Heller

Peter Heller

International Monetary Fund (IMF)

Steven Symansky

International Monetary Fund (IMF) - Fiscal Affairs Department

Date Written: October 1997

Abstract

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.

Keywords: Aging, Asia, saving, savings, demographics

JEL Classification: F41, D91

Suggested Citation

Heller, Peter and Symansky, Steven, Implications for Savings of Aging in the Asian "Tigers" (October 1997). IMF Working Paper No. 97/136, Available at SSRN: https://ssrn.com/abstract=882695

Peter Heller (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Steven Symansky

International Monetary Fund (IMF) - Fiscal Affairs Department ( email )

700 19th Street, NW
Washington, DC 20431
United States

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