Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/310339 
Year of Publication: 
2024
Series/Report no.: 
ADB Economics Working Paper Series No. 745
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
East Asia is undergoing a rapid demographic transition and "super" aging. As a result of steadily decreasing fertility and increasing life expectancy, older people's proportion of the population and the old-age dependency ratio is rising across all countries in East Asia, particularly in the People's Republic of China (PRC), Japan, and the Republic of Korea (ROK). In this paper, we empirically investigate the well-being of older people in these three countries, using comparable microlevel data from the China Health and Retirement Longitudinal Study (CHARLS), the Japanese Study of Aging and Retirement (JSTAR), and the Korean Longitudinal Study on Aging (KLoSA). Specifically, we examine the depressive symptom scale as a measure of well-being and estimate the impact of four broad categories-demographic, economic, family-social, and health. The decomposition and simulation analysis reveals that although much of the difference in mean depression rates among countries can be explained by differences in the characteristics of older people in the three countries, there remain significant differences across countries that cannot be explained. In particular, even after accounting for a multitude of factors, older people in the ROK are more likely to be depressed than in the PRC or Japan.
Subjects: 
aging
well-being
depression
suicide
panel data
JEL: 
D1
I3
J14
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.