ISBN:
9781475569551
Language:
English
Pages:
1 Online-Ressource (29 pages)
Series Statement:
IMF working paper WP/16/238
Parallel Title:
Erscheint auch als Aiyar, Shekhar Impact of Workforce Aging on European Productivity
DDC:
305.26094
Keywords:
Industrial productivity
;
Aging
;
Labor supply
;
Labor supply
;
Aging
;
Industrial productivity
;
Europe
Abstract:
The age-distribution of Europe’s workforce has shifted towards older workers over the past few decades, a process expected to accelerate in the years ahead.. This paper studies the effect of the aging of the workforce on labor productivity, identifies the main transmission channels, and examines what policies might mitigate the effects of aging. We find that workforce aging reduces growth in labor productivity, mainly through its negative effect on TFP growth. Projected workforce aging could reduce TFP growth by an average of 0.2 percentage points every year over the next two decades. A variety of policies could ameliorate this effect
Note:
"December 2016
,
At head of title: International Monetary Fund, European Department
,
Includes bibliographical references (pages 20-22)
URL:
Volltext
(lizenzpflichtig)
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