• Korea journal of population studies
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• v.35 no.2
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• pp.1-28
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• 2012

In this study, labor force projections are made in order to examine the process and magnitude of labor shortage caused by population ageing in Korea. Starting from theoretical review and analysis of population projection data, this study presents that serious transitions of labor market are expected to begin between 2020 and 2030. This study shows even in case of encouraging higher labor participation, labor shortage cannot be offset but only delay and alleviate effects of population ageing. Finally, this study points out some important implications of labor policy including sensitive social and political issues which should be considered.