Labor Markets and Social Policy in a Rapidly Transforming and Aging Thailand : The Macroeconomic and Fiscal Impact of Aging in Thailand
This paper contributes to the existing literature in several ways. First of all, to the best of our knowledge this is the first paper to exclusively model and analyze the impact of aging on long-term growth in Thailand. Although there several studi...
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World Bank, Washington, DC
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| Online Access: | http://documents.worldbank.org/curated/en/099350003222219814/P17209001e7d880100a38b000363da086b7 http://hdl.handle.net/10986/37234 |
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okr-10986-372342022-03-30T05:10:41Z Labor Markets and Social Policy in a Rapidly Transforming and Aging Thailand : The Macroeconomic and Fiscal Impact of Aging in Thailand Bandaogo, M Van Doorn, R MACROECONOMIC IMPACT OF AGING MACRO-ECONOMIC IMPACT OF AGING DEMOGRAPHICS OF THAILAND POPULATION DECREASE SHRINKING POPULATION AGING POPULATION This paper contributes to the existing literature in several ways. First of all, to the best of our knowledge this is the first paper to exclusively model and analyze the impact of aging on long-term growth in Thailand. Although there several studies that have analyzed the relationship between aging and private saving in Thailand, this is the first to employ a cointegration analysis. This approach is more suitable given that we are interested in the long-term relationship between the two and the fact that demographic changes are slow. Moreover, this paper is the first most comprehensive study of the macroeconomic and fiscal impacts of aging in Thailand. Existing studies have focused on how aging impacts one variable (Pootrakool et al. 2005; IMF 2019). The rest of this paper is organized as follows. Section two presents an assessment of the impact of aging on macroeconomic variables. Section three analyzes how aging is likely to impact Thailand’s fiscal standing. Section four discusses various reforms that can help mitigate the negative impact of aging on long-term growth and fiscal sustainability and section five concludes. 2022-03-29T19:56:25Z 2022-03-29T19:56:25Z 2021-04 Report http://documents.worldbank.org/curated/en/099350003222219814/P17209001e7d880100a38b000363da086b7 http://hdl.handle.net/10986/37234 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Report Publications & Research East Asia and Pacific Thailand |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
MACROECONOMIC IMPACT OF AGING MACRO-ECONOMIC IMPACT OF AGING DEMOGRAPHICS OF THAILAND POPULATION DECREASE SHRINKING POPULATION AGING POPULATION |
| spellingShingle |
MACROECONOMIC IMPACT OF AGING MACRO-ECONOMIC IMPACT OF AGING DEMOGRAPHICS OF THAILAND POPULATION DECREASE SHRINKING POPULATION AGING POPULATION Bandaogo, M Van Doorn, R Labor Markets and Social Policy in a Rapidly Transforming and Aging Thailand : The Macroeconomic and Fiscal Impact of Aging in Thailand |
| geographic_facet |
East Asia and Pacific Thailand |
| description |
This paper contributes to the
existing literature in several ways. First of all, to the
best of our knowledge this is the first paper to exclusively
model and analyze the impact of aging on long-term growth in
Thailand. Although there several studies that have analyzed
the relationship between aging and private saving in
Thailand, this is the first to employ a cointegration
analysis. This approach is more suitable given that we are
interested in the long-term relationship between the two and
the fact that demographic changes are slow. Moreover, this
paper is the first most comprehensive study of the
macroeconomic and fiscal impacts of aging in Thailand.
Existing studies have focused on how aging impacts one
variable (Pootrakool et al. 2005; IMF 2019). The rest of
this paper is organized as follows. Section two presents an
assessment of the impact of aging on macroeconomic
variables. Section three analyzes how aging is likely to
impact Thailand’s fiscal standing. Section four discusses
various reforms that can help mitigate the negative impact
of aging on long-term growth and fiscal sustainability and
section five concludes. |
| format |
Report |
| author |
Bandaogo, M Van Doorn, R |
| author_facet |
Bandaogo, M Van Doorn, R |
| author_sort |
Bandaogo, M |
| title |
Labor Markets and Social Policy in a Rapidly Transforming and Aging Thailand : The Macroeconomic and Fiscal Impact of Aging in Thailand |
| title_short |
Labor Markets and Social Policy in a Rapidly Transforming and Aging Thailand : The Macroeconomic and Fiscal Impact of Aging in Thailand |
| title_full |
Labor Markets and Social Policy in a Rapidly Transforming and Aging Thailand : The Macroeconomic and Fiscal Impact of Aging in Thailand |
| title_fullStr |
Labor Markets and Social Policy in a Rapidly Transforming and Aging Thailand : The Macroeconomic and Fiscal Impact of Aging in Thailand |
| title_full_unstemmed |
Labor Markets and Social Policy in a Rapidly Transforming and Aging Thailand : The Macroeconomic and Fiscal Impact of Aging in Thailand |
| title_sort |
labor markets and social policy in a rapidly transforming and aging thailand : the macroeconomic and fiscal impact of aging in thailand |
| publisher |
World Bank, Washington, DC |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099350003222219814/P17209001e7d880100a38b000363da086b7 http://hdl.handle.net/10986/37234 |
| _version_ |
1764486751058919424 |