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dc.contributor.authorAsher, Mukulen_US
dc.contributor.authorNandy, Amarenduen_US
dc.date.accessioned2011-12-15T12:21:35Z-
dc.date.available2011-12-15T12:21:35Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/53493-
dc.description.abstractThis paper analyzes Singapore's multi-pronged approach to managing prolonged low fertility which has led to population aging, labor force shortages, increasing elderly dependency ratios, and feminization of the elderly population. This approach has emphasized high growth, and has given priority to becoming an attractive business location over providing adequate and equitable retirement and health financing; and has pursued policies designed to generate high levels of net immigration. The chosen policy priorities have created a dilemma centering on ensuring Singapore's business competitiveness on the one hand, and meeting its residents' needs and expectations on the other. In spite of many measures to boost fertility levels (official Total Fertility Rate was 1.29 in 2007, a rate at which population is reduced by 50% in 45 years), as well as high net immigration, population aging is expected to accelerate after 2010. This, along with high income inequalities (Gini coefficient was 0.52 in 2005), will make continuation of current policy priorities even more challenging for the policymakers. While future policy developments are difficult to predict, greater political contestability is likely to hasten the path toward policy priorities which give greater weight to the needs and expectations of the current Singapore residents, even if that leads to lower (but more sustainable and socially cohesive) growth.en_US
dc.language.isoengen_US
dc.publisherAsian Development Bank Institute (ADBI) Tokyoen_US
dc.relation.ispartofseriesADB Institute Discussion Papers 114en_US
dc.subject.jelF22en_US
dc.subject.jelH55en_US
dc.subject.jelJ11en_US
dc.subject.jelJ13en_US
dc.subject.jelJ18en_US
dc.subject.ddc330en_US
dc.subject.stwFruchtbarkeiten_US
dc.subject.stwFamilienplanungen_US
dc.subject.stwSingapuren_US
dc.titleManaging prolonged low fertility: The case of Singaporeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn576842664en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ADB Institute Discussion Papers, Asian Development Bank Institute

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