The Impact of Demographic Change on Labor Supply and Economic Growth: Can Asia Meet the Challenge Ahead?

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, University of New South Wales - Other materials by the author

John Piggott, ARC Centre of Excellence in Population Ageing Research - Email the author | Other materials by the author

Peter McDonald, University of Melbourne - Email the author | Other materials by the author

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.

Geographical Focus:

Australia

New Zealand

Regional - North America

Regional - South America

Subregional- East Asia

Subregional- Southeast Asia

Type of Content:

Learning Event

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.