Simulation-based population dynamics analysis: Korean population aging

Abstract

Many countries have experienced demographic problems. Population aging in Korea is, for example, considered as the representative and severe one. To analyze such population changes, this paper applied modeling and simulation method from the micro-level perspective. Specifically, this paper introduce Korean population dynamics model, and this model was designed with micro population data and population statistics in Korea. Using the developed model, we performed virtual experiments to estimate future population dynamics. Through the result analyses, this paper presents how the future Korean population would move and suggests socio-economic factors that are related with the progress of Korean population aging.