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Discussion on Nonlinear Effects of Population Aging on Economic Growth

17 May 2018
In discussing the presentation on “Nonlinear Effects of Population Aging on Economic Growth” presented by Hyun-Hoon Lee, the presenter noted that in principle, population aging may affect growth through labor supply, capital accumulation, and productivity. He also noted that the empirical evidence…

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…

Demographics and Technological Change Two Megatrends Shaping the Labor Market in Asia

17 May 2018
Asia is experiencing rapid ageing and technological change, which can affect productivity growth, human capital, and technological change. In this keynote presentation, the author identifies the specific technologies that can help ease ageing pressures, such as long term care, healthcare, and…

Demographic Change and Labor Quality in the Republic of Korea

17 May 2018
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…

Discussion on Demographic Change and Labor Quality in the Republic of Korea

17 May 2018
In his reaction, the presenter noted that in theRepublic of Korea, the wage profile follows seniority, and the notion of equal pay for equal-value work is not prevalent. Therefore, wage is not a good indicator of productivity, and the paper needs to do more to incorporate overall changes in labor…

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…

Firm and Worker Dynamics in an Aging Labor Market

17 May 2018
The author assesses the impact of an aging labor force on business dynamism, labor market fluidity, and economic growth. The analysis embeds endogenous growth through creative destruction in an equilibrium job ladder model, highlighting feedback between the extent of mismatch in the labor market…

Changes in Labor Force Participation in China

17 May 2018
The People’s Republic of China is a fast-growing and transitional economy that is experiencing drastic demographic shifts, but little is known about the patterns of labor force participation over time, as well as the sources and determinants of changes in participation rates – both important…

Discussion on Firm and Worker Dynamics in an Aging Labor Market

17 May 2018
In discussing the presentation on the “Firm and Worker Dynamics in an Aging Labor Market” by Niklas Engbom, the presenter offers an alternative method to separate the direct age effect on job-to-job mobility. He also encouraged the authors to quantify the contribution of "on-the-job search" on…

Discussion on Changes in Labor Force Participation in China

17 May 2018
In discussing the presentation on the “Changes in Labor Force Participation in China” by Suqin Ge and Junsen Zhang, the presenter acknowledges the decline in female labor force participation rate in the PRC. He further suggests that this regression would indicate several possible drivers. He also…