Population Aging and the Generational Economy

Edited by Ronald Lee, Professor of Demography and Jordan Family Professor of Economics and Director, Center for the Economics and Demography of Aging, University of California, Berkeley, US and Andrew Mason, Professor Emeritus of Economics, University of Hawaii at Manoa and Adjunct Senior Fellow, East-West Center, Hawaii, US

• Contents:PrefacePART I: FUNDAMENTAL PRINCIPLES AND CONCEPTS1. Population Aging and the Generational Economy: Key FindingsAndrew Mason and Ronald Lee2. Theoretical Aspects of National Transfer AccountsRonald Lee and Andrew Mason3. Introducing Age into National AccountsAndrew Mason and Ronald Lee4. Lifecycles, Support Systems, and Generational Flows: Patterns and ChangeRonald Lee and Andrew MasonPART II: COMPARATIVE ANALYSES OF AGE AND THE MACROECONOMY5. Labor Income Over the LifecycleSang-Hyop Lee and Naohiro Ogawa6. Consumption Over the Lifecycle: An International ComparisonAn-Chi Tung7. The Rise of the Intergenerational State: Aging and DevelopmentTim Miller8. Private Transfers in Comparative PerspectiveRonald Lee and Gretchen Donehower9. Asset-based Flows from a Generational PerspectiveAndrew Mason, Naohiro Ogawa, Amonthep Chawla and Rikiya MatsukuraPART III: COUNTRY STUDIES OF AGE AND THE MACROECONOMYA. Overviews of the Generational Economy10. How Intergenerational Transfers Finance the Lifecycle Deficit in SpainConcepció Patxot, Elisenda Rentería, Miguel Sánchez-Romero and Guadalupe Souto11. National Transfer Accounts for Austria: Low Levels of Education and the Generosity of the Social Security SystemJože Sambt and Alexia Prskawetz12. The Significance of Inter-age Economic Transfers in ChileJorge Bravo and Mauricio Holz13. The Economic Lifecycle and Intergenerational Redistribution in Mexico Iván Mejía-Guevara14. National Transfer Accounts for FinlandRisto Vaittinen and Reijo VanneB. The Economic Lifecycle15. The Changing Shape of the Economic Lifecycle in the United States, 1960 to 2003Ronald Lee, Gretchen Donehower and Tim Miller16. Labor Income and Consumption Profiles: The Case of GermanyFanny A. Kluge17. Slovenia: Independence and the Return to the Family of European Market EconomiesJože Sambt and Janez Malačič18. Changes in Patterns of Philippine Lifecycle Consumption and Labor Income between 1994 and 2002 Rachel H. Racelis and J.M. Ian Salas19. National Transfer Accounts for Kenya: The Economic Lifecycle in 1994Germano Mwabu, Moses K. Muriithi and Reuben G. MutegiC. Systems of Intergenerational Flows20. Intergenerational Resource Allocation in the Republic of KoreaChong-Bum An, Young-Jun Chun, Eul-Sik Gim, Namhui Hwang and Sang-Hyop Lee21. Idiosyncrasies of Intergenerational Transfers in BrazilCassio M. Turra, Bernardo L. Queiroz and Eduardo L.G. Rios-Neto22. The Changing Patterns of China’s Public ServicesLing Li, Qiulin Chen and Yu Jiang23. Intergenerational Redistribution in Sweden’s Public and Private SectorsDaniel Hallberg, Thomas Lindh, Gustav Öberg and Charlotte Thulstrup24. Public Transfer Flows between Generations in UruguayMarisa Bucheli and Cecilia González25. The Structure of Generational Public Transfer Flows in NigeriaAdedoyin Soyibo, Olanrewaju Olaniyan and Akanni O. Lawanson26. The Role of Familial Transfers in Supporting the Lifecycle Deficit in IndiaLaishram Ladusingh and M.R. NarayanaD. Issues Related to the Generational Economy27. The Elderly as Latent Assets in Aging JapanNaohiro Ogawa, Rikiya Matsukura and Amonthep Chawla28. Living Arrangements and Support for the Elderly in TaiwanAn-Chi Tung and Nicole Mun Sim Lai29. Transfer Accounts in Costa Rica’s Mixed Economy Under Rapidly Changing Demographic ConditionsLuis Rosero-Bixby, Paola Zúñiga-Brenes and Andrea Collado30. The Support System for Indonesian Elders: Moving Toward a Sustainable National Pension SystemMaliki31. Incorporating Time into the National Transfer Accounts: The Case of ThailandMathana Phananiramai32. National Transfer Accounts in Hungary: Contribution Asset and Returns in a Pay-as-you-go Pension SchemeRóbert I. Gál, Vera Gergely and Márton MedgyesiPART IV: APPENDIX TABLESGlossaryIndex

‘While there already exists a crowded body of publications addressing the effect of an aging population on the economy, this monograph is most outstanding in presenting a global, in-depth analysis of the implications thereby generated for 23 developed and developing countries. . . Scholars, researchers, and practitioners everywhere will benefit immensely from this comprehensive work.’