Demographic Change and Labor Quality in the Republic of Korea
The authors conducted research to analyze the Republic of Korea’s human resource development from 1986 to 2016, measure changes in labor resources, and project labor quality and quantity growth up to 2040. They found that the labor quantity growth rate declined from the late 1980s to 2016, but the labor quality growth rate was sustained, and is expected to be sustained until 2035. Employing more elderly and female workers could help push labor quantity growth.