"The decline in the number of people in their 30s and 40s is due to the age frame effect"

Although the number of employed in the 30s and 40s showed a decline in December last year, it was argued that the situation could be interpreted differently considering the change in the population of ages. According to the report "Implications and Implications of Age-Related Employment Indicators on Age Framing Effects" published in the Financial Briefs of the Financial Research Institute at Song Min-gi Institute of Finance, we compared the number of employees by age group in comparison with the population growth by age group last year.


Although the number of employed in the 30s and 40s showed a decline in December last year, it was argued that the situation could be interpreted differently considering the change in the population of ages.

According to the report "Implications and Implications of Age-Related Employment Indicators on Age Framing Effects" published in the Financial Briefs of the Financial Research Institute at Song Min-gi Institute of Finance, we compared the number of employees by age group in comparison with the population growth by age group last year.

Last December, the number of employed in their 30s and 40s decreased by 103,000 and 135,000, respectively, compared to a year ago.

However, by analyzing the change in the number of employees in the 30s and 40s, the number of employed persons in the 40s of the general age group was the same as that of the previous year The number of people in the 30 age group increased by 11 thousand compared to the previous year.

The number of newly enrolled workers in their 40s was only 556,000 last year. In 2017, they were included in the 40s, while 696,000 were employed last year.

This means that the number of people working for the age group has decreased sharply due to the increase in the population, and the number of people in the 30s to 40s has decreased even though the number of people in the same age group has increased.

On the other hand, unemployed people in their 50s, unlike their 30s and 40s, have decreased in the number of people who work in the same age group, but the number of people newly transferred to the 50s has increased dramatically.

The paper referred to the age frame effect as the effect of the relative size difference between age groups that were excluded or included in a particular age range.

Song said, "The age frame effect reflects the demographic factors of low fertility and aging rather than economic factors." It is not possible to compare the employment situation of different age groups simply by comparing the increase and decrease indicators of employment. I did.

REF: https://news.sbs.co.kr/news/endPage.do?news_id=N1005179985&plink=INTEREST&cooper=SBSNEWSMAIN