The effect of aging on the age–wage profile in Japan

IF 2.6 3区经济学 Q1 ECONOMICS

Journal of the Japanese and International Economies Pub Date : 2022-12-01 DOI:10.1016/j.jjie.2022.101230

Toshikatsu Inoue

引用次数: 0

Abstract

This paper argues that aging of the workforce is an important factor causing the flattening of the age–wage profile of the Japanese economy that has been observed over the past two decades. Assuming imperfect substitution between older and younger workers, we derive the labor demand function from the firm’s optimization problem. We estimate the elasticity of substitution between different aged workers, and quantify the effect of aging on the age–wage profile. We find that aging of the workforce can explain more than 80% of the change in the age–wage profile from 2000 to 2019.

查看原文本刊更多论文

老龄化对日本年龄工资结构的影响

本文认为，劳动力老龄化是导致日本经济在过去二十年中观察到的年龄工资曲线趋于平缓的一个重要因素。假设年老工人和年轻工人之间存在不完全替代，我们从企业最优问题推导出劳动需求函数。我们估计了不同年龄工人之间的替代弹性，并量化了老龄化对年龄工资分布的影响。我们发现，劳动力老龄化可以解释2000年至2019年年龄工资状况变化的80%以上。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Journal of the Japanese and International Economies Multiple-

CiteScore

5.10

自引率

6.90%

发文量

期刊介绍： The Journal of the Japanese and International Economies publishes original reports of research devoted to academic analyses of the Japanese economy and its interdependence on other national economies. The Journal also features articles that present related theoretical, empirical, and comparative analyses with their policy implications. Book reviews are also published.