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Foreign Help Wanted: Easing Japan’s Labor Shortages
Author:
Mr. Giovanni Ganelli
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Naoko Miake
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Series:
IMF Working Papers
Volume/Issue:
Volume 2015: Issue 181
Language:
English
Publication Date:
30 Jul 2015
DOI:
https://doi.org/10.5089/9781513530642.001
ISBN:
9781513530642
ISSN:
1018-5941
Pages:
21
Keywords:
WP; worker; training worker; Beveridge curve; policies Towards Foreign worker; easing Japan; Labor Shortages; Foreign Labor; policy option; skilled worker; housekeeping support worker; political economy; skill recognition; admission policy; foreign worker; Labor force; Labor markets; Global; Pacific Islands
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Data and anecdotal evidence suggest that Japan is suffering from labor shortages, which are large in an international perspective, have a negative impact on potential growth, and reduce the effectiveness of monetary and fiscal stimulus. This paper focuses on policy options to ease Japan’s labor shortages. In particular, we focus on possible measures to increase reliance on foreign labor. Other policy recommendations to deal with shortages include policies aimed at increasing female labor participation, encouraging wage growth, increasing investment, as well as training and other active labor market policies.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund