Job Market Monitor
Michel Cournoyer
France – 54% sont opposés à “travailler davantage”
54% des Français sont opposés à l’ambition d’Emmanuel Macron de “travailler davantage” en France, selon notre sondage Ifop pour le JDD. Mais si tel est le cas, les sondés préféreraient que cela passe par un abandon des 35h plutôt qu’une augmentation de leurs années de cotisation ou la suppression d’un ou plusieurs jours fériés. … Continue reading
Aging – Likely a transitory phenomenon in high-income countries
Will the population of today’s high-income countries continue to age throughout the remainder of the century? We answer this question by combining two methodologies, Bayesian hierarchical probabilistic population forecasting and the use of prospective ages, which are chronological ages adjusted for changes in life expectancy. We distinguish two variants of measures of aging: those that … Continue reading
Global Aging – The trend towards higher levels of educational attainment may help to reduce economic dependency
When studying the economic consequences of changes in the age structure of the population, looking at economic dependency ratios provides us with some descriptive and intuitive initial insights. In this paper, we present two economic dependency ratios. The first ratio is based on economic activity status, and relates the number of dependent individuals to the … Continue reading
Education and Demography – The world population is likely to grow more slowly with United Nation’s Sustainable Development Goals (2015–2030)
This article is a discussion of the role of education in demography, and focuses specifically on efforts by Wolfgang Lutz and his team to add education as a fourth dimension to demographic projection models, after place, age, and sex. In this piece, I review a very important publication produced by the Wittgenstein Centre, World Population … Continue reading
Skills Gap of Applicants in US – 42 Percent don’t meet skills requirements, but companies are willing to train up
Should professionals mind the skills gap when applying for a position? In new research from global staffing firm Robert Half, HR managers said 42 percent of resumes they receive, on average, are from candidates who don’t meet the job requirements. In a separate survey of workers, 78 percent admitted they would submit for a role … Continue reading
Non-Standard Work – How tax systems influence choice of employment form
Recent policy discussion has highlighted the variety of ways in which the world of work is changing. In this regard, one recent development has been that many countries have seen increases in forms of non-standard work. This raises questions over whether such trends have been beneficial, representing increased flexibility and adaptability in the workforce, or … Continue reading
Going off Welfare in NZ – The highest rates of exiting benefits were men, young people, Asian and Pacific peoples, and people who had less history
Taylor Fry were commissioned by Superu to look at where people go when they move off benefit in New Zealand. We used the linked administrative datasets available on Statistics New Zealand’s Integrated Data Infrastructure (IDI) to examine the characteristics of, and outcomes for people who move off a benefit. We looked at people who moved … Continue reading
Immigrant Entrepreneurs in US – A significantly stronger innovation performance
How do immigrants contribute to the U.S. economy? One relatively understudied dimension of immigrant activity is entrepreneurship. A recent IZA Discussion Paper by J. David Brown, John S. Earle, Mee Jung Kim, and Kyung Min Lee examines measures of innovation for firms owned by entrepreneurs who are foreign-born vs. U.S.-born. The data come from the … Continue reading
Mismatches in UK – As many as half (49%) of UK workers could be in the wrong job
The CIPD’s report Over-skilled and underused: Investigating the untapped potential of UK skills, based on a representative survey of over 3,700 UK employees and online focus groups, explores how well people’s skills are used and developed in the workplace. The survey found that more than a third (37%) of workers have the skills to cope … Continue reading
Unemployment Insurance Weekly Claims in US, April 13 – Down at the lowest level for initial claims since September 6
In the week ending April 13, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of 5,000 from the previous week’s revised level. This is the lowest level for initial claims since September 6, 1969 when it was 182,000. The previous week’s level was revised up by 1,000 from 196,000 to 197,000. … Continue reading
Millennials in Canada – Higher incomes and median wealth than young Gen-Xers but also considerably more mortgage debt
Millennials had higher incomes and median wealth than young Gen-Xers at the same age, but also considerably more mortgage debt Examining debt and wealth for young households, who have begun to accumulate assets and debt over a period of sustained home price inflation, provides another perspective on the health of balance sheets in Canada. A … Continue reading
Wages – Decline in organized labor has reduced the bargaining power of labor across the developed world Bridgewater says
The biggest force behind the global profit margin expansion has been the decline in the labor share of output. A key factor that has contributed to this reduction in labor’s bargaining power versus capital is the decline of organized labor and unions. This phenomenon has occurred over decades for an array of reasons that are … Continue reading
Emerging Occupations in Asia – Most new job titles are for highly-skilled positions that involve data and information and communication technology
This paper explores how technology affects labor market outcomes in Asia through the creation of new types of work. It investigates how workers’ characteristics can influence one’s chances of accessing emerging occupations—defined as occupation groups with new job titles. Comparisons of successive lists of the National Classification of Occupations in India, Malaysia, the Philippines, and … Continue reading
La gestion des compétences au sein des entreprises en France – Les facteurs peuvent contribuer à expliquer l’intensité de la gestion prévisionnelle des emplois et des compétences
Au cours des trente dernières années, les acteurs des champs de l’emploi, de la formation professionnelle et de l’éducation ont progressivement reconnu le manque d’opérationnalité des concepts de « métier » et « qualification » dans un contexte économique et technologique en fortes mutations. En effet, ces concepts se caractérisent par un lien clairement établi entre une liste de … Continue reading
Skills Returns in UK – Increasing for analytical skills and significantly negative for physical skills study finds
We present estimates of changes in skills utilisation and in the returns to skills in the UK for 2002-2016 using new measures of skills derived from a systematic and detailed matching between the US O*NET system and UK SOC. Over the period, there is strongly increasing utilisation of both analytical skills and interpersonal skills, and … Continue reading
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