Description

Book Synopsis
South Korea's Demographic Dividend: Echoes of the Past or Prologue to the Future? weaves together the compelling story of social and demographic effects of the economic miracle in South Korea. This exploration of social change examines the demographic dividend: a window of time when a large percentage of a country's population is in the working ages as a result of low fertility and declining mortality. The working-age population benefits from a relatively small dependent population as the size of the elderly cohort is small and the percentage of children is decreasing. This allows the working-age cohort to amass savings and increase productivity. But what happens when that demographic dividend comes to a close and the working age population must support a large elderly population?For centuries South Koreans relied on the intergenerational Confucian contract whereby parents supported children with the reciprocal expectation that children would support their parents in their older years.

South Koreas Demographic Dividend

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    A Paperback by Elizabeth Hervey Stephen

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      Publisher: Centre for Strategic & International Studies,U.S.
      Publication Date: Publication Date: 1/7/2019 12:01:00 AM
      ISBN13: 9781442280854, 978-1442280854
      ISBN10: 1442280859

      Description

      Book Synopsis
      South Korea's Demographic Dividend: Echoes of the Past or Prologue to the Future? weaves together the compelling story of social and demographic effects of the economic miracle in South Korea. This exploration of social change examines the demographic dividend: a window of time when a large percentage of a country's population is in the working ages as a result of low fertility and declining mortality. The working-age population benefits from a relatively small dependent population as the size of the elderly cohort is small and the percentage of children is decreasing. This allows the working-age cohort to amass savings and increase productivity. But what happens when that demographic dividend comes to a close and the working age population must support a large elderly population?For centuries South Koreans relied on the intergenerational Confucian contract whereby parents supported children with the reciprocal expectation that children would support their parents in their older years.

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