Japan is experiencing the aging of its labor force. Despite the fear that this will have an adverse effect on the economy, studies conducted by management and economists indicate that demographic and retirement system changes are unlikely to lower productivity. (SK)

Examines the comparative labor market experience of youth in the United States and eight other developed countries from 1960-1979, focusing upon unemployment levels and rates. Finds that the situation worsened in industrialized nations after the 1974-75 recession and that Japanese and German youth continue to have the most favorable job prospects.…