This book is a concerted attempt by economists to investigate and
offer remedies for some of the difficulties associated with an
ageing labor market. The economic problems of ageing combined with
a declining population manifest themselves most acutely in the
present Japanese economy. Demographic trends present serious social
and economic problems for Japan, and the rest of the global
community is affected by the ways in which it copes with these
difficulties. The contributors to this book study Japan's
experience, which is crucial for understanding the nature of ageing
problems and for developing feasible policies to address them.
Ageing labor markets could distort the employment mechanism, create
youth unemployment, and disrupt incentives for human capital
formation in younger workers. Though an economic approach is the
core methodology in the book, it also encompasses diverse
perspectives including sociological considerations of labor markets
and negotiating behaviour within households. The international
implications of the problems are emphasized in the chapters that
deal with immigration and capital markets. This book will be an
indispensable tool for economists, policy makers and students
concerned with the effects of ageing societies throughout the
world.
General
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