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• W2135392014 abstract "While Korea remains one of the fastest-growing OECD economies, its potential growth rate per capita is projected todecelerate from around 4% during the current decade to around 2¼ per cent during the 2030s. Sustaining growthrequires policies to mitigate the impact of rapid population ageing by increasing labour inputs from under-utilisedsegments of the population. In particular, female labour participation should be encouraged by better work-lifebalance and increasing the availability of high-quality, affordable childcare, in part by raising tuition fee subsidies andimproving the quality of private childcare centres. More flexible employment and wage systems would increase theage at which older workers leave firms. For young people, improved vocational education at the secondary andtertiary levels would help overcome the labour mismatch problem and the overemphasis on tertiary education.Enhancing educational quality at all levels would promote productivity gains, including in services. Strengthenedcompetition is also a key to narrow the large productivity gap between services and manufacturing." @default.
• W2135392014 created "2016-06-24" @default.
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• W2135392014 creator A5045245689 @default.
• W2135392014 date "2012-06-05" @default.
• W2135392014 modified "2023-09-24" @default.
• W2135392014 title "Sustaining Korea's Convergence to the Highest-Income Countries" @default.
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• W2135392014 doi "https://doi.org/10.1787/5k97gkd8jgzs-en" @default.
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