Academic journal article Southeast Asian Affairs

Redressing the Imbalance: The Demographic Levers

Academic journal article Southeast Asian Affairs

Redressing the Imbalance: The Demographic Levers

Article excerpt

There are four demographic levers by which the issues of population size and age structure balance could be redressed. These are births, deaths, in-migration and out-migration. Singapore has, of course, chosen in-migration and influencing the birth rate (more of which will be discussed below). Raising mortality, or the number of deaths, either through neglect or denial of care is not an option in Singapore, as elsewhere. A less radical and less controversial option would be to encourage out-migration of the elderly. Out-migration could become an increasingly viable option, as witnessed by the granting of "silver hair" visas by Malaysia to senior citizens, aged 50 and older, meeting certain financial conditions who would like to live out their "golden years" in the country.19 Out-migration could be an option for the asset-rich baby boomers looking for a lower cost of living and a less hectic pace of life. There could, however, be important economic implications for the country if large numbers of baby boomers moved their CPF savings and other assets overseas. …

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