• Korea journal of population studies
• /
• v.31 no.1
• /
• pp.27-54
• /
• 2008

The purpose of this study is to analyze the effect of policy boosting fertility and labor participation rate on potential GDP growth rate. To do this, we employ a growth accounting approach, which decomposes per capita GDP into two parts. The first one is the change of dependency ratio and the other is the change of labor input. The labor input is again decomposed into the qualitative and quantitative parts. The quantitative part considers the change of labor participation rate and working time. The qualitative aspects is based on the trend of productivity of labor. From the scenarios of NSO(National Statistics Office), the effect of the fertility-raising policy on per capita potential GDP growth rate is calculated and projected to the year of 2050. We also forecast the policy effect inducing high labor participating rate of female labor and beyond 55-year old labor. The baseline results show that the per capita GDP growth rate will show mid 4% to the year of 2010, gradually declining to 3.94% by 2020, 3.03% by 2030, 2.41% by 2040. The high fertility rate scenario will not have effects on the potential growth by 2030, but show 0.10%p higher per capita GDP growth rate than that of baseline scenario result. By the high female labor participation policy, the per capita GDP growth rate will reach 0.04%p higher per capita GDP growth rate than that of baseline scenario. Based on the results of this paper, we conclude that the quantitative labor input cannot solely account for the trend decline of potential GDP, and the qualitative aspect, like labor productivity, is much more important element to sustain and boots the economic growth.

• Journal of Digital Convergence
• /
• v.17 no.11
• /
• pp.1-7
• /
• 2019

This study analyzed the effects of labor aging on labor productivity using panel statistics of 16 local governments from 1995 to 2017. The aging of the labor force, defined as the proportion of workers aged 60 or older in total employment, in the results of the panel regression analysis considering regional fixed effects and various adjustment variables, has a very consistent and significant negative effect on labor productivity. For every 1% increase in aging, labor productivity decreases by about 0.14 ~ 0.20%. In addition, the per capita capital stock and human capital considered as adjustment variables contributed to the increase of labor productivity, and the unemployment rate, which is a proxy variable of the economic fluctuation, has a significant negative effect on labor productivity as expected. The coefficient of the industrial structure, which represents the share of the service industry in the whole industry, was positive, but is not significant. The results of this study suggest that the design and construction of economic and educational policies that can maintain and expand human capital are necessary to curb the reduction in labor productivity expected by the aging workforce.

• 한국사회정책
• /
• v.23 no.1
• /
• pp.95-123
• /
• 2016

As Korean society grows rapidly older, a systematic analysis of the determinants of labor supply behavior among the elderly becomes a prerequisite for designing more effective senior employment policies and income security regime for the elderly. Literatures review shows that a majority of previous researches have been ignoring the problem of "endogenous predictor" especially when it comes to the estimation of the effects of the two key variables, education and non-labor income, on labor supply decisions among older people. They have failed to take into consideration the unobserved heterogeneities which might affect both labor supply decisions of the elderly and their levels of education and non-labor income, which means, according to some econometric literatures, that the estimated coefficients of the two predictors can be inconsistent. The paper tries to redress the endogeneity problem by employing a panel logit model with data from the 1st. to 4th. wave of the KLoSA(Korean Longitudinal Survey of Ageing) to estimate the effects of key predictors on the probability of getting jobs among older people(ages of 60 or older). Both a random effects and a fixed effects model reaffirms that non-labor income has a negative effect on the chances of being employed. And a random effects model shows that the effect of education is also negative, as has frequently been reported by previous studies. That means the effects of education and non-labor income on elderly employment remain negative after the effect of unobserved heterogeneities is controled for and the problem of endogenous predictors is redressed through an appropriate panel data analysis. These findings mean, in turn, that when Korean baby-boomers, who had acquired an unprecedentedly higher level of education and were expected to enjoy ever-larger amount of non-labor income than their preceding generations, retires in near future, their incentives to work will become much weaker and the lack of labor-force and the burden of financing increased public pension expenditure will become more troublesome. The paper concludes with recommending some policy initiatives helpful to solve these expected problems.

• Korean Journal of Human Ecology
• /
• v.19 no.2
• /
• pp.361-374
• /
• 2010

Using the first wave of the Korean Longitudinal Study of Ageing, this research examines the effect of elderly parent's financial structure on private income transfers from their adult children. The results show that low income elderly households are more likely to receive income transfers from their children. Generally, Korean elderly households were found to have very low liquidity in their asset structure, as the average household holds over 90% of their assets in real estate. However, it seems that the parents' potential income based on their real estate assets is unimportant in determining children's transfer decisions. Rather, the parents' labor income is found to be a key factor in children's income transfer decisions.

• IEMEK Journal of Embedded Systems and Applications
• /
• v.11 no.1
• /
• pp.15-20
• /
• 2016

Recently, the u-IT applications for plants and livestock become larger and control of livestock farm environment has been used important in the field of industry. We implemented wireless sensor networks and farm environment automatic control system for applying to the breeding barn environment by calculating the THI index. First, we gathered environmental information like livestock object temperature, heart rate and momentum. And we also collected the farm environment data including temperature, humidity and illuminance for calculating the THI index. Then we provide accurate control action roof open and electric fan in of intelligent farm to keep the best state automatically by using collected data. We believed this technology can improve industrial competitiveness through the u-IT based smart integrated management system introduction for industry aversion and dairy industries labor shortages due to hard work and old ageing.

• Journal of Family Resource Management and Policy Review
• /
• v.12 no.3
• /
• pp.81-101
• /
• 2008

The purpose of this study is to examine support policies regarding work and family reconciliation, to suggest plans to improve workplace policies, and to suggest directions for further studies. This study looks at OECD's work-life reconciliation policies as well as family friendly workplace policies in Korea to find a way to enhance business' receptiveness and implementation of the policies. By examining women's labor conditions, this study finds that family friendly workplace policies are necessarily imminent in our society of low fertility and ageing. Along with the evaluation of benefit level and the effectiveness of current policies, this study uses data from interviews with working mothers who have had the experience of family friendly benefits. The results of the analyses suggest that the government should focus on improving the workplace environment in companies that do not show bias against the use of family friendly policies. In order to farm more successful policies, future studies are needed to analyze the changes of fertility, working conditions, support programs, and benefits.

• Journal of the Architectural Institute of Korea Structure & Construction
• /
• v.34 no.12
• /
• pp.51-56
• /
• 2018

Due to the aging of economically active population in the world, the average age of workers in the domestic construction industry is also steadily increasing. This study analyzes the aging of construction workers in small-size construction sites in Busan, where the aging of the economically active population is the most severe in Korea. As a result of the study on the aging of construction workers in six construction sites with a construction cost of less than 500 million won in Busan, it was found that 65% of the workers were over 50 years of age. In addition, several experts interviews and survey revealed that 'securing welfare facilities for construction workers' and 'diminishing prejudice about the construction industry" were the most urgent and effective methods to overcome the aging problems. The results of this study can be served as basic data to solve the aging problems in the industry.

• 한국노년학
• /
• v.31 no.3
• /
• pp.573-590
• /
• 2011

This study analyzes the major factors affecting domestic middle-aged and elderly households' strength in consumption using the first and second wave of Korea Longitudinal Study of Ageing(KLoSA). First, household income and household liquid assets which are the strength in household consumption was analyzed and as a result, among various explaining variables, aged and elderly households with the higher education level and more household members, those in self-owned residence and in a state of labor and those which are the beneficiaries of special occupational pension scheme show relatively the same high level of strength in consumption. Then, the determining factor of household consumption was assumed based on the second wave of data and as a result, those with more yearly household disposable income and household liquid assets, those living in metropolitan cities with self-owned homes, those engaged in labor practice or which are the beneficiaries of special occupational pension scheme are more likely to have a relatively bigger contributory factor in increasing household consumption. By contrast, household's consumption decrease in the case of those with higher age, those who are the beneficiaries of national pension or those who are male.

• Korean Journal of Social Welfare
• /
• v.67 no.3
• /
• pp.281-303
• /
• 2015

This study examined the interdependent retirement decision between husbands and wives. Since most of retirees in Korea retired by involuntary reasons such as health problems, it purposes to test whether the involuntary retirement of husbands(wives) influences the retirement decision of wives(husbands). Using data from 4th Korean Longitudinal Study of Ageing Panel, it conducted probit and multivariate probit analysis on 1,038 dual-earner couples aged 51~76 to test interdependence of couples' retirement. The results showed that husbands who have retired wife were more likely to retire. It also proved that involuntary retirement of spouse is a significant predictor of early retirement decision, though the direction of the effect is reversed by gender. Wives were more likely to retire when husband were retired involuntarily, while husbands were more likely to stay in labor market. These findings helped to understand the retirement decision of aged couples in Korea and brought suggestion on labor market and care policies for aged couples.

• The Journal of the Korea Contents Association
• /
• v.13 no.5
• /
• pp.234-242
• /
• 2013

In 2007, Long-Term Care Insurance Law was enacted to share the family burden of caring for the elderly who are unable to perform every day living activities due to their old age and chronic diseases such as senile dementia, diabetes mellitus, stroke and more. Backed by this law, since 2008, care workers have been sent to the elderly care centers or each elder's home to help them not only with their recovery from illnesses, but also with general activities from dressing, eating, bathing, walking even to toileting. However, according to the recently released survey by National Human Rights Commission, it has been found that the caring workers are in a very poor working condition including low income, abused blanket wage system, shortage of welfare services, extra works and even sexual harrassment. It is becoming an important issue due to fast-ageing population, the fact that the care workers have had experiences of violation in their right of labor while they are at work needs to be carefully treated. In that sense, this article presents some difficulties the caring workers face and proposes effective ways to solve these problems through the perspective of human rights and human labor rights based on the report written by National Human Rights Commission. In short, for this law to function properly and to boost the worker's capability of providing better services to beneficiaries, followings can be good answers - enhanced management and supervision on caring plans and care centers, providing immediate counselling and protection for victimized care givers, training courses offered to promote service receiver's sincere respect and strengthened awareness upon care givers.