Does More Female Labor Supply Really Save a Graying Japan?
Ryuta Kato ()
No EMS_2017_04, Working Papers from Research Institute, International University of Japan
This paper examines the impact of stimulated female labor supply on the Japanese economy as well as the government fiscal imbalance within a numerical dynamic general equilibrium model with multiple overlapping generations, particularly by paying attention to females' time costs of child rearing and elderly care in a graying Japan. Several numerical results indicate that even complete elimination of females' time costs of child rearing and elderly care stimulates the total GDP only by 1 percent. If complete elimination of time costs occurs in accordance with no gender gap in wage profiles, then the total GDP expands by 4 percent. The results also suggest importance of government policies not only to stimulate female labor force participation but also to improve human capital accumulation of females to reduce a gender gap in wage profiles.
Keywords: Female Labor Supply; Childcare; Child Allowance; Elderly Care; Public Pension; Long-Term Care Insurance; Population Aging; Japan; Simulation (search for similar items in EconPapers)
JEL-codes: C68 H51 E62 H55 J16 (search for similar items in EconPapers)
Pages: 107 pages
New Economics Papers: this item is included in nep-age, nep-cmp, nep-dem, nep-dge, nep-gen and nep-mac
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https://www.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2017_04.pdf First version, 2017 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:iuj:wpaper:ems_2017_04
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