Correlations: East Asia Grows Older, Faster
East Asia’s “tiger” economies, once home to a big supply of young labor, are seeing the fastest rise worldwide in the percentage of their elderly population. Is a grayer nation destined for decline? Harvard economist David Bloom says such fears may be overblown, if the developed world is a template. Labor force participation among older citizens has actually risen in Organisation for Economic Co-operation and Development nations, increasing the supply of productive workers.
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