Foreign Help Wanted: Easing Japan's Labor Shortages

22 Pages Posted: 14 Sep 2015

See all articles by Giovanni Ganelli

Giovanni Ganelli

International Monetary Fund (IMF) - Fiscal Affairs Department

Naoko Miake

International Monetary Fund (IMF)

Date Written: July 2015

Abstract

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.

Keywords: Labor Shortages; Foreign Labor

JEL Classification: J00, J20, J61

Suggested Citation

Ganelli, Giovanni and Miake, Naoko, Foreign Help Wanted: Easing Japan's Labor Shortages (July 2015). IMF Working Paper No. 15/181. Available at SSRN: https://ssrn.com/abstract=2659538

Giovanni Ganelli (Contact Author)

International Monetary Fund (IMF) - Fiscal Affairs Department ( email )

700 19th Street, NW
Washington, DC 20431
United States

Naoko Miake

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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