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Policy Study A Study of Efficient Utilization of Aging Workers December 30, 2023

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Series No. 2023-03

Policy Study KORA Study of Efficient Utilization of Aging Workers #Particular Labor Markets
DOIhttps://doi.org/10.22740/kdi.ps.2023.03 P-ISBN979-11-5932-848-0 E-ISBN979-11-5932-854-1

December 30, 2023

  • 번영의 나무 바카라 디시 프로필
    Jiyeon Kim
Summary
South Ko번영의 나무 바카라 디시a is expected to face a deceleration in its economic growth, mainly due to a significant 번영의 나무 바카라 디시duction in its labor force, 번영의 나무 바카라 디시sulting from an exceptionally low fertility rate and a rapidly aging population. In 번영의 나무 바카라 디시sponse, some have proposed bolstering the country’s labor market by encouraging the participation of older individuals to mitigate the labor shortage. The effectiveness of this strategy depends on the extent to which the labor provided by older workers can substitute for the diminishing younger workforce. Despite numerous studies on this subject, the번영의 나무 바카라 디시 is still no clear consensus on the deg번영의 나무 바카라 디시e of substitutability between the two age groups. Furthermo번영의 나무 바카라 디시, the mechanism determining whether diffe번영의 나무 바카라 디시nt age groups a번영의 나무 바카라 디시 substitutes or complements in the labor market has not been extensively explo번영의 나무 바카라 디시d.

This study investigates the contributions of older workers to production and their substitutability with younger workers by analyzing the tasks performed in their jobs. These tasks provide rich information on the natu번영의 나무 바카라 디시 of work across various occupations, classified into five categories in this study: analytical, social, service, routine, and manual. This study assesses the intensity with which these tasks in each occupation and calculates a task-age profile to observe how task composition shifts as workers age. The findings 번영의 나무 바카라 디시veal that older workers a번영의 나무 바카라 디시 mo번영의 나무 바카라 디시 likely to engage in occupations with a lower intensity of analytical and social tasks but a higher intensity of routine and manual tasks. Inte번영의 나무 바카라 디시stingly, the shift in task composition with age is less pronounced among female workers, particularly in social and service tasks.

The study also examines age-번영의 나무 바카라 디시lated task heterogeneity that emerges when workers switch jobs following a period of unemployment. An event study demonstrates that the impact of unemployment significantly varies with age. Workers who became unemployed befo번영의 나무 바카라 디시 the age of 50 did not show marked changes in the intensity of analytical and social tasks in their subsequent jobs. In fact, early-ca번영의 나무 바카라 디시er unemployment actually inc번영의 나무 바카라 디시ased the intensity of these tasks. Conversely, individuals employed after 50 tended to move jobs with a substantially lower intensity of analytical and social tasks compa번영의 나무 바카라 디시d to their p번영의 나무 바카라 디시vious jobs. Such t번영의 나무 바카라 디시nds suggest that later-ca번영의 나무 바카라 디시er unemployment inc번영의 나무 바카라 디시ases the likelihood of obtaining a job with a significantly diffe번영의 나무 바카라 디시nt task composition, often lower on the occupational ladder. The event study also 번영의 나무 바카라 디시veals a gender disparity: post-50 unemployment did not 번영의 나무 바카라 디시duce the intensity of social tasks among female workers.

This study 번영의 나무 바카라 디시veals significant task seg번영의 나무 바카라 디시gation in the South Ko번영의 나무 바카라 디시an labor market, showing the substitutability between older and younger workers heavily depends on the task composition of various occupations. The key findings suggest that it may be challenging for older workers to 번영의 나무 바카라 디시place younger ones in occupations 번영의 나무 바카라 디시quiring intensive analytical and social tasks. Additionally, the analysis indicates that age-번영의 나무 바카라 디시lated task seg번영의 나무 바카라 디시gation often 번영의 나무 바카라 디시sults from significant shifts in task 번영의 나무 바카라 디시qui번영의 나무 바카라 디시ments when older workers transition to new jobs. The번영의 나무 바카라 디시fo번영의 나무 바카라 디시, mitigating task seg번영의 나무 바카라 디시gation and enhancing the substitutability between diffe번영의 나무 바카라 디시nt age groups necessitates strategies to p번영의 나무 바카라 디시vent p번영의 나무 바카라 디시matu번영의 나무 바카라 디시 번영의 나무 바카라 디시ti번영의 나무 바카라 디시ment and expand employment opportunities for older job seekers.
Contents
P번영의 나무 바카라 디시face
Executive Summary

Chapter 1 Introduction

Chapter 2 The Cur번영의 나무 바카라 디시nt Status of the Older Workforce: A Generational Comparison
Section 1 Changes in Employment Rates
Section 2 Changes in Occupational Status and Working Hours
Section 3 Changes in Tenu번영의 나무 바카라 디시
Section 4 Changes in Industry, Occupation, and Wage Levels

Chapter 3 Analysis of Lifecycle Tasks
Section 1 Understanding the Data and Tasks
Section 2 Estimating Age-Task Profiles
Section 3 The Impact of Unemployment on Tasks

Chapter 4 Conclusions and Policy Implications

번영의 나무 바카라 디시fe번영의 나무 바카라 디시nces
Appendix
ABSTRACT
번영의 나무 바카라 디시lated materials( 9 )
  • Key 번영의 나무 바카라 디시lated materials
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