During the past 40 years, the economy of the People's Republic of China (PRC) has achieved miraculous growth, a significant part of which many have attributed to its favorable labor supply resulting from the country's "demographic dividend"-that is, a relatively large share of the working-age...

The present study first examines the trends in age structural shifts in selected Asian economies over the period 1950–2050 and analyzes their impact on economic growth in terms of the first and second demographic dividends computed from the system of National Transfer Accounts. Then, using the...

Asia is aging, although there is significant heterogeneity across subregions and economies. Population aging poses two strategic challenges for the region: sustaining economic growth and delivering old-age economic security. In this paper, we leverage the lifecycle perspective-that individuals'...

This paper provides estimates of the impact of demographic change on labor productivity growth, relying on annual data during 1961-2018 for a panel of 90 advanced and emerging economies. We find that increases in both the young and old population shares have significantly negative effects on...