Template-type: ReDIF-Paper 1.0
Author-Name: Ryuta Ray Kato
Author-Name-First: Ryuta
Author-Name-Last: Kato
Author-Email: kato@iuj.ac.jp
Author-Workplace-Name: International University of Japan
Author-Workplace-Homepage: http://www.iuj.ac.jp/
Title: Does More Female Labor Supply Really Save a Graying Japan?
Abstract:This paper examines the impact of stimulated female labor supply on the Japanese economy as well as the government fiscal imbalance within a numerical dynamic general equilibrium model with multiple overlapping generations, particularly by paying attention to females' time costs of child rearing and elderly care in a graying Japan. Several numerical results indicate that even complete elimination of females' time costs of child rearing and elderly care stimulates the total GDP only by 1 percent. If complete elimination of time costs occurs in accordance with no gender gap in wage profiles, then the total GDP expands by 4 percent. The results also suggest importance of government policies not only to stimulate female labor force participation but also to improve human capital accumulation of females to reduce a gender gap in wage profiles.
Classification-JEL: C68, H51, E62, H55, and J16
Length: 107 pages
Creation-Date: 2017-09
Number: EMS_2017_04
File-URL: https://www.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2017_04.pdf
File-Format: Application/pdf
File-Function: First version, 2017
File-Size: 2130KB
Keywords: Female Labor Supply, Childcare, Child Allowance, Elderly Care, Public Pension, Long-Term Care Insurance, Population Aging, Japan, Simulation
Handle: RePEc:iuj:wpaper:EMS_2017_04