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Elizabeth Hervey Stephen

South Korea's Demographic Dividend: Echoes of the Past or Prologue to the Future?

South Korea's Demographic Dividend: Echoes of the Past or Prologue to the Future?

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  • More about South Korea's Demographic Dividend: Echoes of the Past or Prologue to the Future?

South Korea's economic miracle has led to a demographic dividend, a window of time when a large percentage of the population is in the working ages. However, when this dividend comes to an end, the working-age population must support a large elderly population, leading to social cohesion issues. Dr. Stephen's book explores what happens to families and society when this contract is broken and proposes policies to address these changes.

\n Format: Paperback / softback
\n Length: 134 pages
\n Publication date: 14 January 2019
\n Publisher: Centre for Strategic & International Studies,U.S.
\n


South Korea's Demographic Dividend: Echoes of the Past or Prologue to the Future? delves into the captivating narrative of the social and demographic impacts of the country's economic miracle. This exploration of societal transformation examines the concept of the demographic dividend, a period characterized by a significant portion of a nation's population being in the working age due to low fertility rates and declining mortality. The working-age population reaps the benefits of a relatively small dependent population, as the elderly cohort is relatively small and the percentage of children decreases. This enables the working-age cohort to accumulate savings and enhance productivity. However, what transpires when the demographic dividend comes to an end, and the working-age population is tasked with supporting a substantial elderly population?

For centuries, South Koreans have relied on the intergenerational Confucian contract, where parents support children in exchange for the reciprocal expectation that children will support their parents in their older years. In South Korea's Demographic Dividend, Dr. Stephen explores the consequences for families and society when this contract is ruptured. The book concludes with proposed policies aimed at maintaining social cohesion in the face of structural changes brought about by Korea's unprecedented economic growth.

\n Weight: 184g\n
Dimension: 139 x 214 x 14 (mm)\n
ISBN-13: 9781442280854\n \n

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