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Australian Economic Outlook

22 August 2018
Australia is enjoying its 25th straight year of economic growth. Risks could arise from increasing housing prices and household debt, and weak growth in wages and household incomes. Investment remains subdued, and growth is more reliant on government spending and net exports.

Changing Task Content of Jobs in India: Implications and Way Forward

22 August 2018
The number of non-routine cognitive jobs has surged in India, driven by technology and mostly contributed by the services sector. Routine cognitive tasks, however, remain at the same level in services and agriculture.

(People’s Republic of) China’s Economic Outlook and the China-US Trade Disputes

22 August 2018
The People’s Republic of China saw steady economic momentum in the first half of 2018. Aware of potential uncertainties from domestic and international shocks, including the trade dispute with the US, the country has taken a proactive fiscal policy and measures to further open its market and…

Demographics and Innovation

18 May 2018
Are younger labor forces more innovative? The authors attempt to answer this question using the native-born labor force projected based on local historical births in the US. They used three successive levels of analysis to eliminate or examine effects such as firm and inventor life cycles. They…

Discussion on “Demographics and Innovation”

18 May 2018
In discussing the presentation on “Demographics and Innovation” by François Derrien, the speaker noted that the paper successfully gathered various data to control for factors that appear to be correlated with age structure and innovation. She also underscored the policy implications of coping with…

Asian Development Outlook: How Technology Affects Jobs

18 May 2018
Despite the advent of the Fourth Industrial Revolution, job prospects in Asia are positive. Emerging technologies often automate only some tasks of a job, not the entire job. They result in the creation of non-routine, cognitive jobs, which have witnessed wage growth. Robot use, however, could…

Discussion on "How Technology Affects Jobs"

18 May 2018
The presenter noted that the regression estimates are very low in the table on changes in robot inputs and impact on employment. He also suggested further disagreggating the analysis at residence, gender, and education levels.

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

18 May 2018
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…

Untapped Work Capacity Among Old Persons and Their Potential Contributions to the 'Silver Demographic Dividend' in Japan

17 May 2018
In this presentation, the authors have measured the untapped work capacity of old persons, using the microdata gathered in the Japanese Study of Aging and Retirement (JSTAR), a longitudinal survey carried out on subjects aged 50–75. Their results show that the volume of untapped work capacity of…

Discussion on “Untapped Work Capacity Among Old Persons and Their Potential Contributions to the 'Silver Demographic Dividend' in Japan"

17 May 2018
In discussing the presentation on "Untapped work capacity among old persons and their potential contributions to the ‘silver demographic dividend' in Japan" by Rikiya Matsukura, the presenter noted that the Japanese experience in tackling the issues of population aging provides valuable lessons to…