How Long to Read China’s Demography and its Implications

How Long Does it Take to Read China’s Demography and its Implications?

It takes the average reader and 27 minutes to read China’s Demography and its Implications by Mr.Il Houng Lee

Assuming a reading speed of 250 words per minute. Learn more

Description

In coming decades, China will undergo a notable demographic transformation, with its old-age dependency ratio doubling to 24 percent by 2030 and rising even more precipitously thereafter. This paper uses the permanent income hypothesis to reassess national savings behavior, with greater prominence and more careful consideration given to the role played by changing demography. We use a forward-looking and dynamic approach that considers the entire population distribution. We find that this not only holds up well empirically but may also be superior to the static dependency ratios typically employed in the literature. Going further, we simulate global savings behavior based on our framework and find that China’s demographics should have induced a negative current account in the 2000s and a positive one in the 2010s given the rising share of prime savers, only turning negative around 2045. The opposite is true for the United States and Western Europe. The observed divergence in current account outcomes from the simulated path appears to have been partly policy induced. Over the next couple of decades, individual countries’ convergence toward the simulated savings pattern will be influenced by their past divergences and future policy choices. Other implications arising from China’s demography, including the growth model, the pension system, the labor market, and the public finances are also briefly reviewed.

How long is China’s Demography and its Implications?

China’s Demography and its Implications by Mr.Il Houng Lee is 27 pages long, and a total of 6,939 words.

This makes it 9% the length of the average book. It also has 8% more words than the average book.

How Long Does it Take to Read China’s Demography and its Implications Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 37 minutes to read China’s Demography and its Implications aloud.

What Reading Level is China’s Demography and its Implications?

China’s Demography and its Implications is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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