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Aging, Economic Growth, and Old-age Security in Asia

2012-01-01 Business & Economics
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Release : 2012-01-01
Genre : Business & Economics
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Book Rating : 600/5 ( reviews)

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Book Synopsis Aging, Economic Growth, and Old-age Security in Asia by : Donghyun Park

Download or read book Aging, Economic Growth, and Old-age Security in Asia written by Donghyun Park. This book was released on 2012-01-01. Available in PDF, EPUB and Kindle. Book excerpt: Population aging is perhaps the single biggest economic and social obstacle confronting AsiaÕs future. The region-wide demographic transition towards an older population is fundamentally reshaping the demographic landscape, and is giving rise to two key socio-economic challenges. This timely book provides an in-depth analysis of these challenges and presents concrete policy options for tackling them. First, the expert contributors argue, Asia must find ways to sustain rapid economic growth in the face of less favorable demographics, which implies slower growth of the workforce. Second, they contend, Asia must find ways to deliver affordable, adequate and sustainable old-age economic security for its growing elderly population. Underpinned by rigorous analysis, a wide range of concrete policy options for sustaining economic growth while delivering economic security for the elderly are then presented. These include Asia-wide policy options Ð relevant to the entire region Ð such as building up strong national pension systems, whilst other policy options are more relevant to sub-groups of countries. This stimulating and informative book will be of great interest to academics, students and researchers with an interest in Asian studies, economics generally, and more specifically, public sector economics.

Aging in Asia

2012-08-31 Social Science
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Release : 2012-08-31
Genre : Social Science
Kind : eBook
Book Rating : 06X/5 ( reviews)

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Book Synopsis Aging in Asia by : National Research Council

Download or read book Aging in Asia written by National Research Council. This book was released on 2012-08-31. Available in PDF, EPUB and Kindle. Book excerpt: The population of Asia is growing both larger and older. Demographically the most important continent on the world, Asia's population, currently estimated to be 4.2 billion, is expected to increase to about 5.9 billion by 2050. Rapid declines in fertility, together with rising life expectancy, are altering the age structure of the population so that in 2050, for the first time in history, there will be roughly as many people in Asia over the age of 65 as under the age of 15. It is against this backdrop that the Division of Behavioral and Social Research at the U.S. National Institute on Aging (NIA) asked the National Research Council (NRC), through the Committee on Population, to undertake a project on advancing behavioral and social research on aging in Asia. Aging in Asia: Findings from New and Emerging Data Initiatives is a peer-reviewed collection of papers from China, India, Indonesia, Japan, and Thailand that were presented at two conferences organized in conjunction with the Chinese Academy of Sciences, Indian National Science Academy, Indonesian Academy of Sciences, and Science Council of Japan; the first conference was hosted by the Chinese Academy of Social Sciences in Beijing, and the second conference was hosted by the Indian National Science Academy in New Delhi. The papers in the volume highlight the contributions from new and emerging data initiatives in the region and cover subject areas such as economic growth, labor markets, and consumption; family roles and responsibilities; and labor markets and consumption.

Population Change and the Economic Security of Older People in Asia

2016 Older people
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Release : 2016
Genre : Older people
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Population Change and the Economic Security of Older People in Asia by :

Download or read book Population Change and the Economic Security of Older People in Asia written by . This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: Populations are growing older everywhere in the world, but the pace of population aging in Asia is unprecedented, primarily linked to rapid fertility decline. Asia's rapid population aging has led to policy concerns about how the region's growing elderly populations will be cared for and supported. How many of today's elderly remain in the workforce, and how much do they earn? To what extent do they support themselves from assets acquired during their working years? How do families and governments meet the needs of elderly people who consume more than they produce? And what does the future hold? Analysis by the National Transfer Accounts (NTA) project suggests that capital accumulation can potentially make a strong contribution toward meeting the needs of Asia's growing elderly populations. If the needs of the elderly are met through greater reliance on saving during the working years, then population aging will lead to an increase in assets that also has favorable implications for economic growth. Investment in human capital is another important response to population aging. Improvements in the productivity of each worker--fostered by investment in child health and education--can help maintain economic growth even as the working-age population shrinks relative to the elderly. The sheer speed and scale of population aging in Asia add a sense of urgency as policymakers start planning for a grayer future. Leaders would do well to learn from the policy mistakes of advanced economies, including fiscally unsustainable pension systems and rigid requirements for early retirement. Once inappropriate old-age support programs become entrenched, they become politically very difficult to reverse. By contrast, programs that invest in children's health and education and foster capital accumulation will ensure support for tomorrow's elderly populations while sustaining economic growth that benefits everyone.

Pension Systems and Old-Age Income Support in East and Southeast Asia

2012-03-15 Business & Economics
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Release : 2012-03-15
Genre : Business & Economics
Kind : eBook
Book Rating : 397/5 ( reviews)

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Book Synopsis Pension Systems and Old-Age Income Support in East and Southeast Asia by : Donghyun Park

Download or read book Pension Systems and Old-Age Income Support in East and Southeast Asia written by Donghyun Park. This book was released on 2012-03-15. Available in PDF, EPUB and Kindle. Book excerpt: Old age income support will be one of the biggest social and economic challenges facing Asia in the twenty-first century. The growing spotlight on old age income support is largely due to exceptionally rapid population aging which is fundamentally reshaping Asia’s demographic profile. A young continent reaping the demographic dividend of a large youthful workforce is giving way to a greying continent where the ratio of retirees to workers is on the rise. In contrast to industrialized countries, most Asian countries do not yet have mature, well-functioning pension systems. As a result, they are ill prepared to provide economic security for the large number of retirees who loom on the region’s horizon. This book takes a close look at the pension systems of eight countries in East and Southeast Asia – namely, China, Indonesia, Korea, Malaysia, Philippines, Singapore, Thailand and Vietnam – which encompass a wide range of income and development levels. The book provides a comprehensive overview of pension systems in the eight countries, including an in-depth diagnosis to identify their major weaknesses and shortcomings. On the basis of the diagnosis, the book sets forth concrete and specific policy options for reforming Asia’s pension systems. Many policy options for reform are country-specific. For example, a top priority in China is to extend the pension system to rural areas. At the same time, a number of reforms – such as the need to extend coverage – resonate across the entire region. Appropriate reform will enable the region’s pension systems to deliver affordable, adequate and sustainable old-age economic security.

Handbook of Asian Aging

2018-10-26 Psychology
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Release : 2018-10-26
Genre : Psychology
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Book Rating : 083/5 ( reviews)

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Book Synopsis Handbook of Asian Aging by : Hyunsook Yoon

Download or read book Handbook of Asian Aging written by Hyunsook Yoon. This book was released on 2018-10-26. Available in PDF, EPUB and Kindle. Book excerpt: In western countries, the rising tide of population aging took 100 years to alter the face of societies, but Asia is experiencing comparable changes in not much more than a quarter of a century. Contributors to "The Handbook of Aging" describe the magnitude of these changes and their effects on the aged and on societies attempting to adapt to the dramatic improvements in life expectancy brought on by rapid economic and social transformations. Asia encompasses a vast reach from Pakistan and India to Japan, the Philippines, and Indonesia, and in this book including Australia. "The Handbook of Aging" provides a framework for making sense of the meeting between reverential views of the elderly and contemporary priorities as Asia arrives at the crossroads. The need for innovative approaches to social policy and personal practices is nowhere more evident than in Asian countries, where modern marketing economies have forced hard political choices. The economic tigers of the Asian-Pacific region experienced the aging of their populations ahead of other Asian countries, but solutions reached during times of financial boom are being re-examined as economies come back to earth, with soft or hard landings. "The Handbook of Asian Aging" provides an atlas of the far-reaching changes that are afoot and that will become even more pronounced in the near future.

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