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An Exploration of the Impact of Macroeconomic Policies on the Labor Market in the Context of Aging--Taking Japan as an Example
- 1 International College of Beijing, China Agricultural University, Beijing, China
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Abstract
This paper examines the implications for macroeconomic policy in the context of global aging, particularly in Japan, focusing on the challenges facing the labor market and the social security system. As the proportion of the aging population increases, the Japanese economy is hit by a decrease in labor supply, changes in the demand structure, and increased pressure on social security. By analyzing the Japanese government's fiscal and monetary policies, the study reveals how these policies respond to aging by affecting employment rates and social security spending. The study finds that the Japanese government's policies aim to increase labor market flexibility and extend working life to increase labor supply and resist the effects of aging by raising household income and productivity. The conclusion states that Japan's macroeconomic policies have been crucial in coping with aging and are not only important for Japan's economic stability and growth, but also provide valuable lessons for other countries. In the future, Japan needs to continue to optimize its policies to adapt to the trend of population ageing and ensure sustainable economic development.
Keywords
Aging, macroeconomic policy, labor market, Japan
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Cite this article
Wu,Y. (2025).An Exploration of the Impact of Macroeconomic Policies on the Labor Market in the Context of Aging--Taking Japan as an Example.Advances in Economics, Management and Political Sciences,160,52-57.
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