Event: Technology and Aging Workforce: Maximize the Gains from Longevity and Long Working Life The Impact of Demographic Change on Labor Supply and Economic Growth: Can Asia Meet the Challenge Ahead? 18 May 2018 Author / Speaker Rafal Chomik John Piggott Peter McDonald View Document Some member-nations of the Asia Pacific Economic Cooperation (APEC) will see their working-age population grow or slightly decline by 2050; others will see them shrink. Several APEC countries rely on migration to expand their labor force and GDP. The labor force participation rates among people aged 50-64 and women aged 15-64 are expected to rise in almost all APEC member countries by 2050, and affect the growth in GDP per worker. Policies should focus on migration, resolving bilateral issues, the health and training of elderly workers, child care, and gender wage gap. Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Download Topics Economics Gender Equality Health