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

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

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

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. We discuss the interplay among educational attainment, industry characteristics, and production techniques to explain the differences between the two countries in the productivity of their older workers.

Keywords: aging; ICT capital; productivity; Japan; Korea (search for similar items in EconPapers)
JEL-codes: J11 J14 O41 O47 O53 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2020-01
New Economics Papers: this item is included in nep-age, nep-eff, nep-ict, nep-lab and nep-tid
References: Add references at CitEc
Citations: View citations in EconPapers (12)

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Journal Article: Aging labor, ICT capital, and productivity in Japan and Korea (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:een:camaaa:2020-01

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