ENGLISH

Executive summary

By coll.

Book information

Language
english
Format
PDF
Filesize
3 MB (3480749 bytes)
Pages
0\136
Time added
2018-11-06 22:15:50

Description

Korea is experiencing much faster population ageing than any other OECD country. If nothing is done to improve the labour market situation of older workers, this could put a brake on the trend of rising living standards observed in recent decades. There is no time for complacency: the median age of the population is projected to increase from 41 years today to 55 years in the mid-2050s, and the old-age dependency ratio (population aged 65 plus over the population aged 15-64) is projected to increase from 20% today to around 70% in 2050, 20 percentage points above the then OECD average.  Read more...

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