Labor market effects of population aging


Börsch-Supan, Axel


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URL: https://ub-madoc.bib.uni-mannheim.de/316
URN: urn:nbn:de:bsz:180-madoc-3160
Document Type: Working paper
Year of publication: 2002
The title of a journal, publication series: MEA Discussion Papers
Volume: 011
Place of publication: Mannheim
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Veröffentlichungen des MEA (Mannheim Research Institute For the Economics of Aging) > MEA Discussion Papers
Subject: 330 Economics
Subject headings (SWD): Bevölkerungsentwicklung , Altersstruktur , Arbeitsmarkt
Abstract: This paper analyzes effects of population aging on the labor market and determines their broad implications for public policy. It takes Germany as an example, but it equally applies to the other large economies in Continental Europe. The pape r argues that, alongside the amply discussed, demographically-determined increase in the contribu tion and tax burden which is responsible for the ever widening gap between gross and disposable ear nings, two other important areas of policy deserve greater attention. First, it is unlikely that the d ecline in the relative size of the economically active population will be offset by higher capital intensity. Labor productivity will need to increase over and above this mechanism in order to compensate for the impact of population aging on domestic production. Hence, we will need more education and training to speed up human capital formation. Second, the shift in the age structure will also cha nge the structure of demand for goods. This, in turn, will have large effects on the pattern of employme nt across different sectors of the economy and will require a substantial increase in labor mobility in order to accommodate these structural changes.

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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Börsch-Supan, Axel (2002) Labor market effects of population aging. Open Access MEA Discussion Papers Mannheim 011 [Working paper]
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