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Implications for Savings of Aging in the Asian ‘Tigers’
Author(s) -
Heller Peter S.,
Symansky Steven
Publication year - 1998
Publication title -
asian economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.345
H-Index - 28
eISSN - 1467-8381
pISSN - 1351-3958
DOI - 10.1111/1467-8381.00061
Subject(s) - economics , east asia , development economics , southeast asia , emerging markets , china , geography , macroeconomics , ancient history , archaeology , history
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 savings rates in these economies, particularly after 2025. For the world, one may observe that initially, the Asian Tigers become increasingly important for world savings, reflecting 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 savings rate.