Why Countries Become Wealthy: The Effects of Adult Longevity on Saving

Kinugasa, Tomoko; Mason, Andrew

doi:10.1016/j.worlddev.2006.09.002

Cited by 75 publications

(62 citation statements)

References 21 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Several explanations have been offered for why these patterns have been so important in Asia including the rapid rate of economic growth, less reliance on public transfer systems for old-age support, and the speed of the demographic transition. Using both historical and contemporary data, Kinugasa (2004) and Kinugasa and Mason (2007) showed that rapid increases in life expectancy led to high savings rates and increases in wealth per capita. An important feature of their result is that the finding in contemporary economies is confined to Asia where transfer systems tend to be less important for oldage support than they are in Europe and Latin America.…”

Section: Population Savings and Wealthmentioning

confidence: 99%

Population, Wealth, and Economic Growth in the Asia and Pacific Region

Mason

Lee

2011

SSRN Journal

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The views expressed in this paper are those of the author(s) and do not necessarily reflect the views or policies of the Asian Development Bank. Terms of use: Documents inThe ADB Economics Working Paper Series is a forum for stimulating discussion and eliciting feedback on ongoing and recently completed research and policy studies undertaken by the Asian Development Bank (ADB) staff, consultants, or resource persons. The series deals with key economic and development problems, particularly those facing the Asia and Pacific region; as well as conceptual, analytical, or methodological issues relating to project/program economic analysis, and statistical data and measurement. The series aims to enhance the knowledge on Asia's development and policy challenges; strengthen analytical rigor and quality of ADB's country partnership strategies, and its subregional and country operations; and improve the quality and availability of statistical data and development indicators for monitoring development effectiveness.

show abstract

Section: Population Savings and Wealthmentioning

confidence: 99%

Population, Wealth, and Economic Growth in the Asia and Pacific Region

Mason

Lee

2011

SSRN Journal

View full text Add to dashboard Cite

show abstract

“…The idea of planning and, hence, saving for retirement would be expected to occur only when mortality rates become low enough for retirement to be a realistic prospect. A recent study by Kinugasa and Mason (2007) analyze the effects of the transition in adult longevity on the national saving rate _________________________ 9 All the models include a vector of baseline attributes, including baseline measures of birth cohort (or age), marital status, race, ethnicity, education, region of residence, quintiles of family income, and an extensive vector of measures of baseline health. These health measures include dummies for the self reported health status, the presence at baseline of each chronic condition, a set of behavioural risk factors (smoking, exercise, BMI, drinking), and a scaled index of functional limitations based on the answers to the questions about activities of daily living.…”

Section: _________________________mentioning

confidence: 99%

Contribution of Health to Economic Development: A Survey and Overview

Husain

2009

SSRN Journal

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThe policies for better health, poverty reduction, and less inequality, throughout the world, require thorough understanding of both the processes and causal paths that underlie the intricate relationship between health and wealth (income). This is deemed difficult, contingent, and only partially understood. The adage 'health is wealth' is still, primarily, an intuitive proposition. A vast majority of researchers instead present theoretical and empirical arguments of the reverse proposition, i.e. 'wealth is health'. A recent strand of the literature, however, reflects changes in the perceptions: improvements of health and longevity are no longer viewed as a mere end-or by-product of economic development; but argued as one of the key determinants of, and therefore means to achieve, economic development and poverty reduction. Hence, better health does not have to wait for an improved economy; rather, measures to reduce the burden of disease, to give children healthy childhoods, to increase life expectancy etc. will in themselves contribute to creating richer economies. Drawing on the traditional and emerging perspectives on the health-income relationship, this literature review presents a non-exhaustive survey of existing methodological approaches and their results that are applied to track and measure how health influences economic outcomes.Published as Survey and Overview JEL I10, O40, J11

show abstract

“…Increased adult longevity can increase the savings of prime-age adults, resulting in capital accumulation (Lee et al, 2001;Kinugasa and Mason, 2007;Mason and Kinugasa, 2008). Capital accumulation significantly contributes to economic growth.…”

Section: Introductionmentioning

confidence: 99%

“…Kinugasa and Yamaguchi (2008) combined the OLG model of Kinugasa and Mason (2007) and the general equilibrium growth accounting model of Yamaguchi (1982Yamaguchi ( , 2001). Kinugasa and Yamaguchi analysed the effects of changes in the number of children and adult longevity on capital accumulation, and examined how capital, which is influenced by the demographic change, affects agricultural and nonagricultural inputs and outputs.…”

Section: Introductionmentioning

confidence: 99%

Depopulation and importance of agriculture in Japan: implications from the overlapping generations and general equilibrium growth accounting model

Kinugasa¹,

Yamaguchi²

2013

Economics & Finance Research

Self Cite

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Kobe, Japan We investigate the effects of demographic change on agriculture and nonagriculture in Japan while considering capital accumulation and total population and labour. Combining the overlapping generations model with the three generations and general equilibrium growth accounting models, we simulate the effect of demographic change on agricultural and nonagricultural inputs and outputs. Our simulation analyses show that demographic change greatly influenced agriculture and nonagriculture through capital accumulation although the influences of total population and labour were not negligible. Remarkable demographic dividends like the decline of young dependents and increase of adult longevity greatly influenced capital accumulation in Japan in the 1950s to the 1990s, which decreased the importance of agriculture. In the future, aggregate capital in Japan will presumably decrease due to a decline of the working age population, which may result in the disappearance of the advantages of nonagriculture and an increase of the importance of agriculture. Terms of use: Documents in

show abstract

Why Countries Become Wealthy: The Effects of Adult Longevity on Saving

Cited by 75 publications

References 21 publications

Population, Wealth, and Economic Growth in the Asia and Pacific Region

Population, Wealth, and Economic Growth in the Asia and Pacific Region

Contribution of Health to Economic Development: A Survey and Overview

Depopulation and importance of agriculture in Japan: implications from the overlapping generations and general equilibrium growth accounting model

Contact Info

Product

Resources

About