econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 26 November 2017

Women Workers Wanted In Japan

from the International Monetary Fund

Problem: Japan is the most aged society among advanced economies (almost 27 percent of its people are over 65). It also faces a shortage of labor (unemployment is just 2.8 percent). Both limit the country’s growth potential.

Solution: Encourage women to take on more full time work and have children.

But is it possible to reconcile these two seemingly contradictory goals? The answer is yes, based on evidence from Scandinavia and research by IMF economists such as Naoko Miake, Kalpana Kochar, and Yuko Kinoshita.

In Japan, the tax code, social norms and corporate labor practices all have some elements that discourage childbearing.

While Japanese men have traditionally enjoyed lifetime employment, the same isn’t true for women. More than half of Japanese women with jobs choose part-time or temporary work, largely to balance the demands of child care, elder care and housework. The choice also reflects frequent demands for overtime (often underpaid or unpaid) in regular employment, a phenomenon that has led to cases of “karoshi," or death from overwork. Part-time workers earn about half that of full timers, which has helped limit wage gains despite low unemployment.

Wage scales are based in part on the number of dependents in the household, on the assumption that the husband is the sole breadwinner. And many women also choose part time work to stay under the minimum income levels that are subject to tax.

What can be done to increase fertility and ease the labor shortage? Reforming the tax code to eliminate disincentives to full time work would be a good place to start. Providing more child-care facilities would also help.

But these steps alone won’t be enough. Deeper changes are needed in social norms that discourage professional women from having families. Limiting overtime hours would give men more time to share in housekeeping and childrearing duties, while encouraging mothers to keep their jobs. And studies suggest that couples have a better chance of having a second child if the man spends more time at home.

Japan needs to act fast if wants to keep its population from shrinking further: after 2018, the number of women of reproductive age will decline sharply. Japan’s total population is expected to drop between now and 2025 by almost 4 million - roughly the population of Los Angeles - and to decline even faster beyond that.

Source

https://blogs.imf.org/2017/11/21/chart-of-the-week-motherhood-and-work-in-japan/

Disclaimer

The views expressed are those of the author(s) and do not necessarily represent the views of the IMF and its Executive Board.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Contributors








search_box
Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.







Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved