English Abstract: This paper explores the role of human capital in explaining labor productivity growth in Korea … expenditures. This human capital growth explains about 30% of the labor productivity growth. The result also implies that the … downward trend in Korea's labor productivity growth since 2001 is mainly due to a decline in both capital deepening and TFP …

comprehensive perspective. Specifically, following the policy objective of sustainable economic growth, we systematically classify … policies to sustain economic growth in an aging society. One is to increase the quantity of labor force and the other is to … effective policy. However, labor productivity should be an engine of economic growth in the long run when labor input reaches …

' training level and the subsequent wage growth. Some notable results include: (i) the workers at the firms facing high net …