Aging labor, ICT capital, and productivity in Japan and Korea

Jong-Wha Lee, Eunbi Song and Do Won Kwak ()

Journal of the Japanese and International Economies, 2020, vol. 58, issue C

Abstract: This study examines how aging affects labor productivity using industry-level data of Japan and Korea. The analysis shows that, for both Japan and Korea, aging has positive effects on labor productivity when older workers are working in industries with a large share of information and communication technology (ICT) in the capital stock. We also find that, on average, older workers exert positive effects on labor productivity across all industries when they are low-educated in Japan and high-educated in Korea. In addition, a complementary effect between ICT capital and older workers is observed for both high- and low-educated workers in Japan but only for low-educated workers in Korea. The complementarity between ICT and old workers existed in both manufacturing and services industries of Korea and Japan.

Keywords: Aging; ICT; Productivity; Complementarity; Japan; Korea (search for similar items in EconPapers)
JEL-codes: J11 J14 O41 O47 O53 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0889158320300320
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Aging labor, ICT capital, and productivity in Japan and Korea (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jjieco:v:58:y:2020:i:c:s0889158320300320

DOI: 10.1016/j.jjie.2020.101095

Access Statistics for this article

Journal of the Japanese and International Economies is currently edited by Takeo Hoshi

More articles in Journal of the Japanese and International Economies from Elsevier
Bibliographic data for series maintained by Catherine Liu ().