ADB2021-10-052021-10-052019-12N/A9789292619770N/AN/Ahttps://www.adb.org/publications/demographic-dividend-transition-bhutanhttps://hdl.handle.net/20.500.14540/5524This policy brief discusses how Bhutan can maximize the benefits of its demographic transition, which is providing a larger working-age population and a lower dependency burden. Bhutan is undergoing a rapid demographic transition as a result of higher life expectancy and literacy rates, and a steep reduction in fertility. The country has benefited economically from a higher proportion of working-age people. However, as the demographic transition continues the old-age population will increase, turning the demographic dividend into a demographic tax. Bhutan is halfway through the dividend phase and can use these opportunities to help prepare for population aging.12Economic researchEconomicsSocial development and protection