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Does More Female Labor Supply Really Save a Graying Japan?

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Abstract

This paper examines the impact of stimulated female labor supply on the Japanese economy as well as the government fiscal imbalance within a numerical dynamic general equilibrium model with multiple overlapping generations, particularly by paying attention to females' time costs of child rearing and elderly care in a graying Japan. Several numerical results indicate that even complete elimination of females' time costs of child rearing and elderly care stimulates the total GDP only by 1 percent. If complete elimination of time costs occurs in accordance with no gender gap in wage profiles, then the total GDP expands by 4 percent. The results also suggest importance of government policies not only to stimulate female labor force participation but also to improve human capital accumulation of females to reduce a gender gap in wage profiles.

Suggested Citation

  • Ryuta Ray Kato, 2017. "Does More Female Labor Supply Really Save a Graying Japan?," Working Papers EMS_2017_04, Research Institute, International University of Japan.
    • Handle: RePEc:iuj:wpaper:ems_2017_04
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    File URL: https://www.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2017_04.pdf
    File Function: First version, 2017
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    Cited by:

    1. Kato, Ryuta Ray, 2018. "The future prospect of the long-term care insurance in Japan," Japan and the World Economy, Elsevier, vol. 47(C), pages 1-17.

    More about this item

    Keywords

    Female Labor Supply; Childcare; Child Allowance; Elderly Care; Public Pension; Long-Term Care Insurance; Population Aging; Japan; Simulation;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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