Implication of population aging on economic growth and saving

Based on United Nation projections, world population structure have tendency to move toward the population aging structure. Population aging means increase in median age of population. Reason behind this demographic transition is because of the combination effect from low fertility and longer longev...

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Main Author:	wong, Yii Sung
Format:	Thesis
Language:	English English
Published:	2014
Subjects:	HB848-3697 Demography Population Vital events
Online Access:	https://eprints.ums.edu.my/id/eprint/38519/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/38519/2/FULLTEXT.pdf
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id	my-ums-ep.38519
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spelling	my-ums-ep.385192024-04-23T06:54:25Z Implication of population aging on economic growth and saving 2014 wong, Yii Sung HB848-3697 Demography. Population. Vital events Based on United Nation projections, world population structure have tendency to move toward the population aging structure. Population aging means increase in median age of population. Reason behind this demographic transition is because of the combination effect from low fertility and longer longevity. Population aging is said would induce several problems to a country in term of theirs macroeconomic, labour market and social security. However, researcher believed impact of aging society may vary depend on economic policies implemented. Effective policies implemented can help in offsetting the effect of population aging. Most of the early studied have utilized panel data in their analysis. Nevertheless, the results can only provide a general conclusion. Some of the population aging effect on individual country may not be well explained. In addition, previous empirical result uncovers the possibility of the existence of nonlinear relationship. Hence, both linear and nonlinear causality test are employed in this thesis to examine the causal relationship among old-age dependency ratio and work to retirement ratio on economic growth as well as on saving. The countries involved in this analysis include Japan, Germany, China, Malaysia and Singapore. Findings suggested that economic policies implemented do affect the impact of the population aging. Japan seems to have better policies in dealing with the aging society. Result also show that adjustment on retirement age gives significant effect on economic growth and saving. Besides, few cases show the existence of nonlinear causal relationship. Therefore, nonlinear relationship should also be considered to avoid bias result. 2014 Thesis https://eprints.ums.edu.my/id/eprint/38519/ https://eprints.ums.edu.my/id/eprint/38519/1/24%20PAGES.pdf text en public https://eprints.ums.edu.my/id/eprint/38519/2/FULLTEXT.pdf text en validuser masters Universiti Malaysia Sabah Fakulti Sains dan Sumber Alam
institution	Universiti Malaysia Sabah
collection	UMS Institutional Repository
language	English English
topic	HB848-3697 Demography Population Vital events
spellingShingle	HB848-3697 Demography Population Vital events wong, Yii Sung Implication of population aging on economic growth and saving
description	Based on United Nation projections, world population structure have tendency to move toward the population aging structure. Population aging means increase in median age of population. Reason behind this demographic transition is because of the combination effect from low fertility and longer longevity. Population aging is said would induce several problems to a country in term of theirs macroeconomic, labour market and social security. However, researcher believed impact of aging society may vary depend on economic policies implemented. Effective policies implemented can help in offsetting the effect of population aging. Most of the early studied have utilized panel data in their analysis. Nevertheless, the results can only provide a general conclusion. Some of the population aging effect on individual country may not be well explained. In addition, previous empirical result uncovers the possibility of the existence of nonlinear relationship. Hence, both linear and nonlinear causality test are employed in this thesis to examine the causal relationship among old-age dependency ratio and work to retirement ratio on economic growth as well as on saving. The countries involved in this analysis include Japan, Germany, China, Malaysia and Singapore. Findings suggested that economic policies implemented do affect the impact of the population aging. Japan seems to have better policies in dealing with the aging society. Result also show that adjustment on retirement age gives significant effect on economic growth and saving. Besides, few cases show the existence of nonlinear causal relationship. Therefore, nonlinear relationship should also be considered to avoid bias result.
format	Thesis
qualification_level	Master's degree
author	wong, Yii Sung
author_facet	wong, Yii Sung
author_sort	wong, Yii Sung
title	Implication of population aging on economic growth and saving
title_short	Implication of population aging on economic growth and saving
title_full	Implication of population aging on economic growth and saving
title_fullStr	Implication of population aging on economic growth and saving
title_full_unstemmed	Implication of population aging on economic growth and saving
title_sort	implication of population aging on economic growth and saving
granting_institution	Universiti Malaysia Sabah
granting_department	Fakulti Sains dan Sumber Alam
publishDate	2014
url	https://eprints.ums.edu.my/id/eprint/38519/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/38519/2/FULLTEXT.pdf
_version_	1804890321910235136

Implication of population aging on economic growth and saving

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