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Demographic change and household savings in Japan and Korea: implications for china (英语)

The world is in the midst of a major demographic transition. Demographic transition in a country generally starts with a declining total fertility rate leading to an aging society coupled with an increasing life expectancy, followed by a shrinking of the labor force participation and finally resulting in a shrinking of the total population. While highly asymmetric across countries in the region, East Asia is also expected to experience a rapid change...
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