Can Healthy Aging Boost Labor Supply Evidence from Korea

2025

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AI-generated summary

1) Healthy aging is significantly increasing labor supply among older Koreans, offering a potential mitigator of economic pressures from population aging.
2) This paper examines evidence of healthy aging in Korea by analyzing physical health improvements across birth cohorts and their impact on labor market outcomes. It uses microdata from surveys and an instrumental variable approach to establish causality.
3) The study finds that better health among older individuals leads to higher labor force participation and delayed retirement, with a decade of healthy aging increasing participation by approximately 19 percentage points.
Tags: population aging, demographic change, healthy aging, labor markets, Korea

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