Chapter

Saving, Wealth, and Population

Ronald D. Lee, Andrew Mason and Tim Miller

in Population Matters

Published in print August 2001 | ISBN: 9780199244072
Published online November 2003 | e-ISBN: 9780191595974 | DOI: http://dx.doi.org/10.1093/0199244073.003.0006
 Saving, Wealth, and Population

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This chapter examines the impact of demographic change on saving rates, wealth, and standards of living in East Asia. It is shown that the demand for material wealth relative to income is much higher if met through savings rather than transfers, given a modern democratic regime rather than a traditional one. In countries undergoing rapid demographic transitions, savings rates can reach historically high levels for several decades, leading to a rapid increase in capital and income.

Keywords: saving; wealth; population growth; East Asia; demographic change; neoclassical model

Chapter.  10111 words.  Illustrated.

Subjects: Economic Development and Growth

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