Demographic aging is a global phenomenon encountered especially in the developed states and is manifesting by the increase the share of people aged over 60-65 years in total population, a process that will affect all areas of the world in this century. In the coming decades, population aging...

We assess the impact of population structure on economic growth. Following recent research, we focus on the generational turnover as a key driver of consumption growth. We characterize the impact of the average birth and death rates on the generational turnover, depending on the age-profile of...

This paper has two parts. The first part presents and discusses the 2011 Philippine National Transfer Accounts (NTA) estimates for selected flow accounts components, the most recent estimates available for the country, and compares the 2011 to the 1991 and 1999 estimates. The second part, also...

The citizens of India are enjoying a longer life and better living conditions as a result of increased life expectancy, increased standard of living as well as medical advancement. The longevity of life, if not planned well for retirement, could imply a high fiscal burden for the government on...

Korea's level of population aging remains lower than the OECD average. However, the pace of population aging in Korea is faster than that of many other member countries, as its total fertility rate is the lowest among OECD countries while its life expectancy exceeds the OECD average. Using panel...

In the context of the rapidly advancing population ageing, the region of Latin America and the Caribbean is currently facing an unprecedented challenge of adapting to the transformed - yet, still evolving - age structure of the population. The paper provides a regional synthesis of the National...