콘텐츠 바로가기
로그인
컨텐츠
  • HOME
  • SEARCH
PLUS Text Size MINUS RESET
FACEBOOK TWITTER Linked In

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Macroeconomics
Social Development Population

Print

Population aging and economic growth : Impact and policy implications

Related Document
Frame of Image

Population aging and economic growth04



link
Title Population aging and economic growth
Similar Titles
Sub Title

Impact and policy implications

Material Type Videos
Author(English)

Korea Development Institute

Publisher

[Sejong] : Korea Development Institute

Date 2019-06
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Macroeconomics
Social Development < Population
Holding Korea Development Institute
License

Abstract

In an aging society there are 7 seniors out of every one hundred people, while an aged society has 14 and a super-aged society has 20. Korea is expected to enter a super-aged society in 2026. In fact, at the current pace of aging, Korea is on track to become a super-aged society 10 years faster than Japan. In terms of the working-age population, Korea’s 65-plus population will grow 1.7 times faster than Japan from 2015 to 2050. And the share of the senior population will equal that of the working population in 2050. So, what are the economic repercussions of a rapidly aging population? KDI conducted an analysis based on the labor force participation rate by age group in 2017, assuming 3 scenarios to estimate the economic growth rate for the coming three decades.