In this presentation, the author gave an overview of the economic progress, social development, and demographic transition in Malaysia. He also discussed the 11th Malaysia Plan (2016-2020), which gives emphasis on increasing productivity through workforce skill development, innovation and ICT, and the adoption of modern technology.
In discussing the presentation on "Untapped work capacity among old persons and their potential contributions to the ‘silver demographic dividend' in Japan" by Rikiya Matsukura, the presenter noted that the Japanese experience in tackling the issues of population aging provides valuable lessons to other developing countries which are experiencing rapid population aging.
In this presentation, the authors have measured the untapped work capacity of old persons, using the microdata gathered in the Japanese Study of Aging and Retirement (JSTAR), a longitudinal survey carried out on subjects aged 50–75. Their results show that the volume of untapped work capacity of the Japanese elderly aged 60–79 is vast, amounting to more than 11 million workers at present. The authors have also explored whether or not the use of untapped work capacity of old persons could affect the well-being of workers in other age groups.
In discussing the presentation on “Nonlinear Effects of Population Aging on Economic Growth”
presented by Hyun-Hoon Lee, the presenter noted that in principle, population aging may affect growth through labor supply, capital accumulation, and productivity. He also noted that the empirical evidence for nonlinearity in the relationship between growth and aging seems weak, and that here is a one-on-one relationship between the elderly and the working-age shares after controlling for the youth population share.
Using the panel data consisting of 142 countries for the period between 1960 and 2014, the authors assessed the nonlinear effects of population aging on economic growth. They found that population aging negatively affects economic growth only when it reaches a certain high level and its negative effects grow stronger as population aging deepens. They also underscored that population aging has hampered economic growth, during the period of more recent years, especially in developed countries where population aging is quite advanced.
As part of the People’s Republic of China’s gradualist approach to modernize, an advanced property valuation system in Shenzhen City was developed in anticipation of a future recurrent property tax. Learn about the challenges and opportunities in implementing Shenzhen’s Geographical Information System-Assisted Mass Appraisal system.
What is property tax and how does it affect economic growth?
Certain features of the housing market affect the impact of taxation on economic efficiency, administrative and compliance costs, fairness, etc. Learn about the characteristics of the housing market and how to deal with property taxes.
An effective tax system allows governments to manage the business cycle through fiscal policy. Some of the objectives of taxation entail minimizing administrative and compliance costs, limiting tax avoidance and tax evasion opportunities, and reflecting simplicity. Download this presentation to learn about some tax policy design principles for inclusive growth.
Kelly Bird is the Country Director for the Philippines, appointed to the position in January 2018. Prior to this assignment, he was Director of the Public Management, Financial Sector and Trade Division in the Southeast Asia Department of the Asian Development Bank. He joined ADB in June 2006 and specializes in regulatory governance and reforms, financial sector development, trade and investment policy, and employment policy, among others.
Learn about ADB’s energy sector portfolio in Sri Lanka. Read good practice examples that address poverty and gender equality and social inclusion considerations in Sri Lanka’s energy sector.