by HyunJeong Hwang, OECD Economics Department In 2023, Korea’s fertility rate fell to a world-record low of 0.7. Its sharp decline implies a faster increase in the old-age dependency ratio than in any other OECD country. As the proportion of retirees grows, labour shortages will intensify, and the costs of health care, long-term care, and… Read More »Addressing Korea’s Fertility Crisis
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