Job Market Monitor
Aging
Aging – 10 Key areas where change is necessary to help achieve a step change in productivity growth
Global economic growth is under threat because populations are aging, shrinking the size of the pool of people able to work. The only answer to the growth question in an era of dramatic demographic change is productivity growth. If historical rates of productivity growth were to remain constant, global GDP growth would be 40 percent … Continue reading
Aging Labor Force – The case of Germany
“Here is the biggest problem we face,” the senior official from Chancellor Angela Merkel’s government told me as he pulled out a pen and drew a pie-graph circle on his napkin. “This is the working-age population of Germany – 45 million people.” Then he drew a thick slice, almost a sixth of the circle: “This … Continue reading
The Aging Global Workforce – The productivity challenge could be do-able McKinsey finds
The world is aging, and that matters for growth. In the past, an abundant and growing labor pool was a powerful engine of the world economy; today, the number of workers is starting to decline in many countries. This leaves no alternative but for companies, individuals, and governments to work in smarter ways. In an … Continue reading
Population aging could have effects that are positive study says
In this paper, we addressed the important question of how selected areas of life will be affected as populations grow older and smaller. We used the case of Germany, a country that is at a relatively advanced stage of the demographic transition, to study the potential long-run implications of population aging. In the decades prior … Continue reading
Canada – Aging population expected to go west
Canada’s population will shift dramatically in the next half century, becoming greyer, more diverse and more concentrated in the four Western provinces. A portrait of Canada in the next 50 years shows the country’s population could reach up to 63.5 million people by 2063 compared with 35.2 million last year, Statistics Canada projections show. The … Continue reading
Graying World – There will be 13 ‘super-aged’ nations by 2020
The world is graying at a break-neck pace and that’s bad news for the global economy. By 2020, 13 countries will be “super-aged” — with more than 20% of the population over 65 — according to a report by Moody’s Investor Service. That number will rise to 34 nations by 2030. Only three qualify now: … Continue reading
US – Companies are getting older, not just people
Not only is the American population aging, businesses in the U.S. also are growing older. Older firms are increasingly controlling the largest market share in different sectors of the economy, according to a paper by the Brooking Institution’s Robert E. Litan and Ennsyte Economics’s Ian Hathaway. By 2011, the portion of U.S. businesses aged at … Continue reading
US – The end of the “age pyramid”
The “age pyramid.” Each bar represents a five year age cohort; with those ages 0-4 on the bottom and those ages 85 and older on the top. In every society since the start of history, whenever you broke down any population this way, you’d always get a pyramid. But from 1960 to 2060, our pyramid … Continue reading
Japan – Tokyo keeps growing as population falls
While Japan’s population fell for the fifth straight year and grew older in 2013, the number of residents in the country’s three main urban centers increased to a record high, as people continued to move out of regional areas. Chosen excerpts by Job Market Monitor. Read the whole story at Tokyo Keeps Growing as Japan’s Population Falls – … Continue reading
Increase in Life Expectancy – The greatest cultural and scientific advances in our history or a crisis ?
A demographic tool has become an economic one, treating a demographic challenge as both an economic crisis and a basis for pessimism justifying drastic reductions in bedrock government programs, including those supporting children and the poor. Even at state and local levels, the aging boomer demographic is repeatedly blamed for our economic difficulties. That is … Continue reading
The “graying” of the planet – The case of 30 of the world’s capitals
What do urban people care about most?What do talented professionals in their most productive working years care about most? What are the qualities that cities need in order to continue building prosperity? What about the increasing proportion of older citizens as we live longer or slow our rate of natural population growth? Does a rising … Continue reading
Japan – To expand controversial work permits program to stay for up to five years
Japan is considering expanding a controversial programme that now offers workers from China and elsewhere permits to work for up to three years, as the world’s fastest-aging nation scrambles to plug gaps in a rapidly shrinking workforce. Prime Minister Shinzo Abe’s Liberal Democratic Party on Tuesday submitted a proposal to let workers to stay … Continue reading
Middle-Aged Women – Research finds ‘substantial benefits’ of Hormone Replacement Therapy (HRT) on short-term employment
The increase in labor force participation, and consequently, the increase in employment of women is one of the most striking trends in the twentieth century. Although this trend is likely due to the complex interaction of many factors, available research in economics recognizes, among other causes, the important role of medical innovation in shaping labor … Continue reading
Baby Boomers and Participation in US – The aging effect accounts for more than 40 percent of the decline
The United States is in the process of a dramatic demographic change – the rapid aging of the popula- tion – and that change has implications for the labor force participation and unemployment figures that we see every month. Since older people have lower labor force participation than the young, as more of the population … Continue reading
The Ageing Workforce in Europe – A report from The Economist Intelligence Unit
Historically low birth rates and increasing life expectancy mean that Europe’s working population is ageing fast. In 2012, the continent reached an inevitable demographic tipping point. The percentage of the population at working age fell for the first time in 40 years. It is now forecast to fall every year until 2060. This inescapable trend … Continue reading
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