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Past and Future of the Labor Force in Emerging Asian Economies

Author

Listed:
  • Kim, Jinyoung

    (Korea University)

Abstract

This paper investigates the determinants of past changes in the labor force of 12 emerging Asian countries, and attempts to make projections of the labor force in those countries for the period 2010–2030. Results from the regression analysis indicate that the labor force has grown faster than the population, has an inverted U-shape relationship with per capita gross domestic product, and is smaller in more capital-intensive countries. Using extrapolation, the paper predicts that the labor force will increase in all 12 economies during the first 2 decades of the period 2010–2030, but will eventually decline in the People's Republic of China; Hong Kong, China; the Republic of Korea; Singapore; and Taipei,China. The paper also makes projections of the unemployment rate and the average working hours in those economies.

Suggested Citation

  • Kim, Jinyoung, 2010. "Past and Future of the Labor Force in Emerging Asian Economies," ADB Economics Working Paper Series 218, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0218
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    More about this item

    Keywords

    average working hours; emerging Asian countries; labor force; per capita GDP; unemployment rate;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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