• Title/Summary/Keyword: aging workforce

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The Effect of Workforce Aging on Human Capital Job and Regional Economic Performance in Korea: focusing on Metro Cities and Provinces (노동력 고령화가 인적자본 취업비중과 1인당 지역총생산에 미치는 효과: 우리나라 광역시와 도를 중심으로)

  • Lee, Seong-Hoon;Lee, Hyangsoo;Jung, Yonghun
    • Journal of Digital Convergence
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    • v.18 no.5
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    • pp.25-31
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    • 2020
  • This study analyzes the effects of aging workforce on human capital and the per capita gross regional domestic product, using regional panel statistics from 1995 to 2017. According to the results of the two-stage least-squares panel regression analysis reflecting the fixed effects by region, the aging of the labor force had no effect on the human capital employment ratio and per capita gross domestic product in the metropolitan cities, but reduced human capital and per capita gross domestic product in the provinces. The share of service businesses had a positive effect on human capital in metropolitan cities, but the effect was not significant in the provinces. Human capital significantly contributed to the increase in per capita gross regional domestic product in the metropolitan cities, but the physical capital stock significantly contributed to the increase in per capita gross regional domestic product in the provinces. The results of this study suggest that the human capital job policy and the per capita regional GDP growth policy due to the aging workforce may be different between metropolitan cities and provinces.

Trends for the Promising Career of Science and Engineering Workforce: Job Outlook of Korea.USA.Australia (이공계 인력의 미래 유망직업 연구동향: 한국.미국.호주의 직업전망을 중심으로)

  • Han, Jiyoung
    • Journal of Engineering Education Research
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    • v.15 no.5
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    • pp.140-150
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    • 2012
  • The purpose of this study was to compare and analysis researches related the promising career and job outlook and to provide the direction for job choice to engineering students. Literature review and expert council were used to achieve the objectives of study. The result of this study was analyzed that these jobs were promising, that is, environmental scientist and specialist, earth scientist and hydrologist(education and research related career), architecture and architectural engineer, civil engineer, landscape technician, land surveyor map production expert photo surveyor surveying technician(construction related career), material engineer (mechanics and material related career), mine and geology engineer(chemistry, fiber and environment related career), computer system design and analyst, system software engineer, application software engineer, web specialist, and computer support specialist (electrical and telecommunication related career) and food engineer(food related career). In addition, health silver specialist, bio biomedical engineer, renewable energy specialist etc. were promising by considering social and economic trend for demographic change like aging and green growth.

A Framework of Function Analysis for the Construction Robotics Design

  • Yi, Chang-Yong;Park, Young-Jun;Park, Jin-Young;Park, Chan-Young;Lee, Dong-Eun
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.370-374
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    • 2022
  • Construction is a labor-intensive industry that heavily relies on skilled construction workers. However, the aging of the workforce is rapidly growing, and the shortage of skilled workers is intensifying. The application of construction robotics technology can solve the problem of workforce shortage and guarantee construction productivity, safety, and quality improvement. This study presents a framework of the functional analysis for construction processes and work tasks that classifies and analyzes processes and work tasks for construction robotics design. The framework presents the functional analysis process, which analyzes workers' attributes and identifies functions of construction robotics.

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The impact of Workforce Aging on Labor Productivity: Using the Regional Panel Dataset in Korea (노동력 고령화가 노동 생산성에 미치는 영향 분석: 우리나라 지역별 패널통계 활용)

  • Jung, Yonghun;Lee, Seong-Hoon
    • Journal of Digital Convergence
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    • v.17 no.11
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    • pp.1-7
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    • 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.

A Prospect for Supply and Demand of Physical Therapists in Korea Through 2030 (물리치료사 인력의 수급전망과 정책방향)

  • Oh, Youngho
    • Journal of The Korean Society of Integrative Medicine
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    • v.6 no.4
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    • pp.149-169
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    • 2018
  • Purpose : This study was to develop a strategy for modeling future workforce projections to serve as a basis for analyzing annual supply of and demand for physical therapists across the South Korea into 2030. Methods : In-and-out movement model was used to project the supply of physical therapists. The demand was projected according to the demand-based method which consists of four-stages such as estimation of the utilization rate of the base year, forecasting of health care utilization of the target years, forecasting of the requirements of clinical physical therapists and non-clinical physical therapists based on the projected physical therapists. Results : Based on the current productivity standards, there will be oversupply of 39,007 to 40,875 physical therapists under the demand scenario of average rate in 2030, undersupply of 44,663 to 49,885 under the demand scenario of logistic model, oversupply of 16,378 to 19,100 under the demand scenario of logarithm, and oversupply of 18,185 to 20,839 under the demand scenario of auto-regressive moving average (ARIMA) model in 2030. Conclusion : The result of this projection suggests that the direction and degree of supply of and demand for physical therapists varied depending on physical therapists productivity and utilization growth scenarios. However, the need for introduction of a professional physical therapist system and the need to provide long-term care rehabilitation services are actively being discussed in entering the aging society. If community rehabilitation programs for rehabilitation of disabled people and the elderly are activated, the demand of physical therapists will increase, especially for elderly people. Therefore, healthcare policy should focus on establishing rehabilitation service infrastructure suitable for an aging society, providing high-quality physical therapy services, and effective utilization of physical therapists.

The ICT convergence agriculture automated machines designed for smart agriculture (스마트 농업을 위한 ICT 융합형 농업 자동화 기계 설계)

  • Kim, Byung-Chul
    • Journal of Digital Convergence
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    • v.14 no.2
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    • pp.141-148
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    • 2016
  • Agricultural machines can be viewed as a very important factor to reduce the workforce and reduce production costs as well as keep up with now days trend caused Labor shortages and the workforce reduction by aging in rural. The latest agricultural machinery has developed into a major agricultural industry to apply and integrate the telecommunication, next-generation batteries, semiconductors, wireless communications, content and high-tech display industry technology with a wide range of applications. In this study, to apply the information and communication technologies on agricultural planters relied on a mechanical method, we designed a quick and sophisticated ICT convergence planters that enable to monitor.

The Effects of the workforce Age Structure on Productivity or Labor Costs (사업체 근로자의 연령구성이 생산성과 인건비에 미치는 영향)

  • Kim, Ki-Min
    • Management & Information Systems Review
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    • v.37 no.1
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    • pp.123-138
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    • 2018
  • In this paper, we use panel dataset from Korean linked worker-firm to analyse the effects of the workforce age structure on the productivity or labor costs. We measure 'labor productivity' as added value per capita, 'cost of labor' as labor cost per capita and estimate a dynamic panel model to study the effects of the workforce age structure on the productivity or labor costs. Empirical analysis results show that the workforce age structure is positively related to productivity and labor costs, but only up to the aged of 35-39. That is, we find that an increase in the proportion of younger workers or elder workers rather than the aged 35-39 has a negative effect on productivity and labor cost. In particular, the difference between the estimation coefficient of productivity and labor cost when the share of workers aged 50 or older is increased instead of the aged 35-39 is higher than the difference between the estimation coefficient of productivity and labor cost when the share of workers aged 30 or younger is increased instead of the aged 35-39. Our results exhibit that it is reasonable for firms to worry about declining productivity of elderly workers, whereas firms already used older workers efficiently, such as by adjusting their labor costs.

Korea's Demographic Transition and Long-Term Growth Projection Based on an Overlapping Generations Model

  • KWON, KYOOHO
    • KDI Journal of Economic Policy
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    • v.39 no.2
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    • pp.25-51
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    • 2017
  • This paper employs an Overlapping Generations Model to quantify the impacts of Korea's demographic transition toward an older population on the total output growth rate. The model incorporates the projected population through 2060 according by Statistics Korea. The effects of the low fertility and increased life expectancy rates are studied. The model is considered suitable for analyzing the effects of demographic changes on the Korean economy. Under the assumption that the TFP growth rate will not slow considerably in the future, remaining at 1.3% per annum, the gross output growth rate of the Korean economy is projected to slow to 1.1% per annum in the 2050s, from 4.0% in the 2000s. The shrinking workforce due to the decline in fertility plays a significant role in the deceleration of the Korean economy. The increased life expectancy rate is expected to mitigate the negative effect, but the magnitude of its effect is found to be limited.

On Change of Manual Dexterity with Aging (연령증가에 따른 수지교치성의 변화에 대하여)

  • 신승헌;김경수
    • Journal of the Korean Society of Safety
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    • v.11 no.4
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    • pp.127-134
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    • 1996
  • Recently, in Korea the birthrate is declining and the average life span has been increasing. Thus, compared to the previous periods nowadays, older people are required to work. Even elderly people are rejoining the workforce. Korean companies set the retirement age between 55 and 60 years of age, however, accidents occur frequently. Thus, it becomes necessary to evaluate the ability of the elderly person. Since the required function of the worker varies from job to job the evaluation of the capability must also be conducted according to the desired functions. One of the methods used in this study is the continuous control knob to evaluate the tracking control ability to investigate the relationship of manual dexterity and age. The result of the study Indicates that the manual dexterity decreases with age. However, there are differences among individuals. The individuals lifestyle affected the manual dexterity of that individual. As a result, a company may use the manual dexterity as an measure to evaluate the elderly persons work ability.

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Improvement Measures on the Construction Education of Specialized High Schools for Training Construction Skilled Workers (건설기능인력 양성을 위한 특성화 고등학교 건설교육 개선방안)

  • Han, Kyeong-Min;Jo, Byung-Uk;Son, Chang-Baek
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.11a
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    • pp.46-47
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    • 2019
  • The construction industry has a higher dependency on manpower than other industries, requiring a supply of high quality skilled workers. But negative perceptions regarding the construction industry have continued to reduce the inflow of young workers into the industry, and the existing skilled workforce is aging. In response, as a solution for training young construction skilled manpower, training programs for young construction skilled workers have been implemented by specialized high schools. But the current status of career paths chosen by the graduates of these specialized high schools did not show a substantial influx of workers into the construction industry. In this regard, with the purpose of promoting an influx of young construction skilled manpower into the industry, this study analyzed the goals and problems of construction education in specialized high schools in South Korea, and suggested a method for improvement.

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