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By the middle of this century, Asia's elderly population is projected to reach 922.7 million, and its share of … population 17.5%, from just 4.1% in 1950. Within the next few decades, Asia is poised to become the oldest region in the world … requires a big head-start. This paper analyzes the impact that aging is having in Asia, examines the policy options for dealing …
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Based on the Lee-Carter (LC) model, the benchmark in population forecasting, a variety of extensions and modifications are proposed in this paper. We investigate one of the extensions, the Hyndman-Ullah (HU) method and apply it to Asian demographic data sets: China, Japan and Taiwan. It combines...
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