Chapter

Japan's Unprecedented Aging and Changing Intergenerational Transfers

Naohiro Ogawa, Andrew Mason, Amonthep Chawla and Rikiya Matsukura

in The Economic Consequences of Demographic Change in East Asia

Published by University of Chicago Press

Published in print October 2010 | ISBN: 9780226386850
Published online February 2013 | e-ISBN: 9780226386881 | DOI: http://dx.doi.org/10.7208/chicago/9780226386881.003.0005
Japan's Unprecedented Aging and Changing Intergenerational Transfers

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This chapter discusses the past, present, and future of demographic transition, using many indicators. Some of important impacts of Japan's unprecedented population aging on its postwar economy are analyzed by drawing heavily upon estimates from the National Transfer Accounts (NTA)—Japan project, ranging from the first and second demographic dividends to life cycle reallocations. To raise marital fertility to alleviate the burden of rapid population aging on the economy, since 1990 the Japanese government has formulated and implemented a series of pronatalist programs and policies. Although the awareness of the demographic dividends is still fairly limited in Japan, their use, particularly that of the accumulated demographic dividend which is likely to remain substantial for the next few decades, could be an option for Japan to help resume steady economic growth.

Keywords: demographic transition; unprecedented; Japan; population aging; National Transfer Accounts; economic growth

Chapter.  12915 words.  Illustrated.

Subjects: Business and Management

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