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Population Decline, Labor Force Stability, and the Future of the Japanese Economy

Robert L. Clark (), Naohiro Ogawa, Makoto Kondo and Rikiya Matsukura
Additional contact information
Robert L. Clark: North Carolina State University
Naohiro Ogawa: Nihon University Population Research Institute
Makoto Kondo: Kobe Gakuin University

European Journal of Population, 2010, vol. 26, issue 2, No 5, 207-227

Abstract: Abstract Demographic trends in Japan are producing a declining population that is rapidly growing older. With a total fertility rate of around 1.3 children per woman, the population has already begun to decline. This article examines the impact of these demographic trends on the level of employment and economic growth that Japan is projected to experience over the next 20 years. We explore the effect of changes in labor market policies on age-specific employment rates and assess whether innovative policies can moderate the decline in employment. Public policies encouraging increased employment of women and persons aged 60 and older could partially offset the anticipated decline in employment. The importance of the Japanese experience for European policy makers is discussed.

Keywords: Low fertility; Japan; Population decline; Population aging; Basse fécondité; Japon; Déclin de la population; Vieillissement de la population (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (10)

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DOI: 10.1007/s10680-009-9179-9

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