Wages, Life Expectancy and Working Population in Indonesia: The implications of demographic bonus

RAZZAQ, ABDUR and RIDHO, SARI LESTARI ZAINAL (2019) Wages, Life Expectancy and Working Population in Indonesia: The implications of demographic bonus. Advances in Economics, Business and Management Research. ISSN 2352-5428

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Abstract

Increased life expectancy and the large number of elderly population in Indonesia are condition that appears today as an implication of demographic phenomenon. This increase in life expectancy should be balanced with an increase in the number of people who work, hence the elderly population contributes positively to the country's economy instead of being a burden on the country. One of the factors driving the working population is the wages received from the industry. Industry or Businesses are labor markets that are expected to provide remuneration in the form of wages that can guarantee the longevity of society. Since, one of the ways community maintains their longevity is by working. Thus, the provision of decent wages that are able to maintain the longevity of society is a manifestation of the business or industry responsibility to the society. This phenomenon is a reason to investigate the effect of wages on the working population, as one of the economic variables, in Indonesia. Therefore, this study aims to examine the relationship between the working population and wages, as well as several other variables, that hypothetically thought to have influences, namely the birth rate, mortality rate, minimum wage, unemployment, and secondary school participation rates. This research is a quantitative research by estimating the equation with the Ordinary Least Square method and using time series data. The results of this study found that wages, education, unemployment and life expectancy significantly influence the increase in the number of people working in Indonesia. The implication of this study is the importance for the industry to provide a decent minimum wage so that more people with a longer life expectancy will work so that they contribute positively to the country's economy.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Depositing User: Abdur Razaq
Date Deposited: 04 Nov 2019 02:44
Last Modified: 04 Nov 2019 02:44
URI: http://repository.radenfatah.ac.id/id/eprint/4652

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