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The Effect of Aging Workforces on the Digital Transformation: Evidence from South Korea

Author

Listed:
  • Gaheyon Cheon

    (Korea Institute for Industrial Economics and Trade)

  • Sora Lee

    (Korea Institute for Industrial Economics and Trade)

Abstract

Historically, older workers were often regarded as valuable assets in traditional industrial settings due to their skills and experience. But the industrial environment is now characterized by the rapid adoption of advanced digital technologies. Older workers tend to adopt new technologies at a slower rate compared to younger generations; for firms striving to maximize productivity and competitiveness, this drawback makes the employment of older workers less attractive than in the past. Given the above, it is worth examining the characteristics of an aging workforce in relation to the digital transformation to produce insights that can inform industrial and workforce policy. For this study, we focus on assessing the impact of workforce aging on firms’ adoption of digital technologies. Specifically, we aim to quantitatively evaluate how the proportion of older employees within different industries affects the adoption and utilization of digital transformation technologies. Through this analysis, we seek to better understand the interaction between workforce composition and digital innovation, and ultimately offer policy insights to support a more inclusive and effective digital transition.

Suggested Citation

  • Gaheyon Cheon & Sora Lee, 2025. "The Effect of Aging Workforces on the Digital Transformation: Evidence from South Korea," Industrial Economic Review 25, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:021549
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    JEL classification:

    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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