The Japanese population is projected to decrease by 25 percent
by 2050, and the proportion of the elderly population
is expected to increase from 20 percent to about 40 percent.
Illustrate the effects of those changes on the labor market
using a graph.
Q354: Over time, the gap between the wages of workers with
college degrees and the wages of workers without college
degrees has been increasing. Shouldn’t this gap
have increased the incentive for workers to earn college
degrees, thereby increasing the supply of college-educated
workers and reducing the size of the gap?