Foreign Help Wanted: Easing Japan’s Labor Shortages

Giovanni Ganelli and Naoko Miake

No 2015/181, IMF Working Papers from International Monetary Fund

Abstract: Data and anecdotal evidence suggest that Japan is suffering from labor shortages, which are large in an international perspective, have a negative impact on potential growth, and reduce the effectiveness of monetary and fiscal stimulus. This paper focuses on policy options to ease Japan’s labor shortages. In particular, we focus on possible measures to increase reliance on foreign labor. Other policy recommendations to deal with shortages include policies aimed at increasing female labor participation, encouraging wage growth, increasing investment, as well as training and other active labor market policies.

Keywords: WP; worker; training worker; Beveridge curve; policies Towards Foreign worker; easing Japan; Labor Shortages; Foreign Labor; policy option; skilled worker; housekeeping support worker; political economy; skill recognition; admission policy; foreign worker; Labor force; Labor markets; Global; Pacific Islands (search for similar items in EconPapers)
Pages: 21
Date: 2015-07-30
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Citations: View citations in EconPapers (2)

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