This paper explores the effects of the proposed free trade agreement between Japan and Korea. Our experiments are based … and intertemporal optimizing behaviour of agents. The simulations show that both Korea and Japan benefit from the …

This study examines how aging affects labor productivity using industry-level data of Japan and Korea. The analysis … shows that, for both Japan and Korea, aging has positive effects on labor productivity when older workers are working in … average, older workers exert positive effects on labor productivity across all industries when they are low-educated in Japan …