Th is pilpcr reports projections of thc impact of prospcctive demographic change
on the pallcrn of optimal national saving for four Asian countries: Philippincs.
Malaysia. Hong Kong and Singaporc. for the period from 2000 to 2050. The
method is simulation of a Ramsey model of optimal saving for a small open
economy with vintage capital. The simulations show that vari.uions in prospective
demographic change cause variations in the patterns of optimal rates of national
saving. reinforcing. the idea that cvaluations of a country's saving perform,ltlCe
should take ..ccount of its prospective dcmographic structure.