An extended age-period-cohort analysis of data on female labor force in South Korea and Japan

The work force participation rate of women is alarming when addressing the lack of labor force due to the aging population. Particularly in South Korea and in Japan, due to the exceptionally low fertility rate, it is an inevitable and urgent task to improve the labor market conditions surrounding females. Hence, for projecting the effects associated with the environmental change surrounding South Korean and Japanese females, an extended age-period-cohort model is fitted to the data on female labor force participation rates given by the age and period in South Korea and Japan. The results suggest that environmental changes surrounding females after 1980 indicate almost the same increasing trend for both countries.