Foreign Help Wanted
Author: Mr.Giovanni Ganelli
Publisher: International Monetary Fund
Published: 2015-07-30
Total Pages: 21
ISBN-13: 151353064X
DOWNLOAD EBOOKData 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.