Download or read book A Cohort Based Analysis of Labor Force Participation for Advanced Economies written by Francesco Grigoli and published by International Monetary Fund. This book was released on 2018-05-22 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advanced economies are in the midst of a major demographic transition, with the number of elderly rising precipitously relative to the working-age population. Yet, despite the acceleration in demographic shifts in the past decade, advanced economies experienced markedly different trajectories in overall labor force participation rates and the workforce attachment of men and women. Using a cohort-based model of labor force participation for 17 advanced economies estimated over the 1985-2016 period, we document a significant role of common patterns of participation over the life cycle and shifts in these patterns across generations for aggregate labor supply, especially in the case of women. The entry of new cohorts of women led to upward shifts in the age participation prole, boosting aggregate participation rates. However, this process plateaued in most advanced economies, with signs of reversal in some. Using the model's results to forecast future participation trends, we project sizable declines in aggregate participation rates over the next three decades due to the aging of the population. Illustrative simulations show that implementing policies encouraging labor supply can help attenuate but may not fully offset demographic pressures.
Download or read book Drivers of Labor Force Participation in Advanced Economies Macro and Micro Evidence written by Francesco Grigoli and published by International Monetary Fund. This book was released on 2018-06-25 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite significant headwinds from population aging in most advanced economies (AEs), labor force participation rates show remarkably divergent trajectories both across countries and across different groups of workers. Participation increased sharply among prime-age women and, more recently, older workers, but fell among the young and prime-age men. This pa- per investigates the determinants of these trends using aggregate and individual-level data. We find that the bulk of the dramatic increase in the labor force attachment of prime-age women and older workers in the past three decades can be explained by changes in labor mar- ket policies and institutions, structural transformation, and gains in educational attainment. Technological advances such as automation, on the other hand, weighed on the labor supply of prime-age and older workers. In light of the dramatic demographic shifts expected in the coming decades in many AEs, our fndings underscore the need to invest in education and training, reform the tax system, reduce early retirement incentives, improve the job-matching process, and help individuals combine family and work life in order to alleviate the pressures from aging on labor supply.
Download or read book A Cohort based Model of Labor Force Participation written by Bruce Fallick and published by . This book was released on 2007 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Labor Market Tightness in Advanced Economies written by Mr. Romain A Duval and published by International Monetary Fund. This book was released on 2022-03-31 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two years after the onset of the COVID-19 pandemic, a puzzle has emerged in several advanced economies: unfilled job vacancies have increased sharply even though employment has yet to fully recover. This note sheds light on three contributing factors, namely barriers to returning to work, changing worker preferences away from certain types of jobs, and sectoral and occupational job mismatch. The note also assesses the impact of labor market tightness on wage growth, showing that it has been large for low-pay jobs but milder overall. Bringing disadvantaged groups of workers into the labor force, including by controlling the pandemic itself, would ease labor market pressures while amplifying the recovery and making it more inclusive.
Download or read book Aging and the Macroeconomy written by National Research Council and published by National Academies Press. This book was released on 2013-01-10 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
Download or read book A Cohort Model of Labor Force Participation written by Marianna Kudlyak and published by . This book was released on 2013 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate a trend in the aggregate labor force participation rate using the age-gender and the birth cohort effects in the labor force participation rates of different demographic groups and the actual demographic composition of the population. We ጿind that, in 2012, the aggregate labor force participation rate is close to its trend.
Download or read book Women in Labour Markets written by Sara Elder and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers an analysis of 12 indicators from the ILO Key Indicators of the Labour Market database. The aim is to look for progress or lack of progress towards the goal of gender equality in the world of work and identify where and why blockages to labour market equity continue to exist. Focuses on the relationship of women to labour markets and compares employment outcomes for men and women to the best degree possible given the available labour market indicators.
Download or read book Okun s Law Development and Demographics Differences in the Cyclical Sensitivities of Unemployment Across Economy and Worker Groups written by Zidong An and published by International Monetary Fund. This book was released on 2021-11-12 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: The negative and stable relationship between an economy’s aggregate demand conditions and overall unemployment is well-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and developing economies. Second, youth’s unemployment is twice as sensitive as that of adults’. Third, women’s unemployment is significantly less sensitive to demand than men’s in advanced economies. These findings point to the highly unequal impacts of the business cycle across worker and economy groups.
Download or read book The Problem of US Labor Force Participation written by Chad P. Bown and published by . This book was released on 2019 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite more robust growth than many advanced economies in Europe and Asia, labor force participation in the United States between 1995 and 2017 was weak. In other countries, job loss has manifested itself as increased unemployment as opposed to labor force exit. For men, the decline in labor force participation appears to be partly structural, as it is common across countries, and partly related to disability. For women, disability was an even more important contributor to the decline in their labor force participation, explaining nearly two-thirds of the decline in labor force participation of prime-aged workers.
Download or read book World Economic Outlook April 2018 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2018-04-17 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report describes the world economic outlook as of April 2018, projecting that advanced economies will continue to expand above their potential growth rates before decelerating, while growth in emerging markets in developing economies will rise before leveling off. It details global prospects and policies, including risks to the forecast, and essential determinants of long-term economic growth: labor force participation in advanced economies, the declining share of manufacturing jobs globally and in advanced economies, and the process through which innovative activity and technological knowledge spread across national borders.
Download or read book Long Term Factors in American Economic Growth written by Stanley L. Engerman and published by University of Chicago Press. This book was released on 2007-11-01 with total page 898 pages. Available in PDF, EPUB and Kindle. Book excerpt: These classic studies of the history of economic change in 19th- and 20th-century United States, Canada, and British West Indies examine national product; capital stock and wealth; and fertility, health, and mortality. "A 'must have' in the library of the serious economic historian."—Samuel Bostaph, Southern Economic Journal
Download or read book Unfair Advantage written by World Bank and published by . This book was released on 1991 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book World Development Report 2019 written by World Bank and published by World Bank Publications. This book was released on 2018-10-31 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Work is constantly reshaped by technological progress. New ways of production are adopted, markets expand, and societies evolve. But some changes provoke more attention than others, in part due to the vast uncertainty involved in making predictions about the future. The 2019 World Development Report will study how the nature of work is changing as a result of advances in technology today. Technological progress disrupts existing systems. A new social contract is needed to smooth the transition and guard against rising inequality. Significant investments in human capital throughout a person’s lifecycle are vital to this effort. If workers are to stay competitive against machines they need to train or retool existing skills. A social protection system that includes a minimum basic level of protection for workers and citizens can complement new forms of employment. Improved private sector policies to encourage startup activity and competition can help countries compete in the digital age. Governments also need to ensure that firms pay their fair share of taxes, in part to fund this new social contract. The 2019 World Development Report presents an analysis of these issues based upon the available evidence.
Download or read book World of Work Report 2013 written by International Labor Office and published by International Labour Organisation. This book was released on 2014-01-30 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World of Work Report 2013 provides analyses the global employment situation five years after the start of the global financial crisis. It looks at labour market performance and projections both at the global and regional levels
Download or read book The Impact of Workforce Aging on European Productivity written by Mr.Shekhar Aiyar and published by International Monetary Fund. This book was released on 2017-01-18 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Drivers of Labor Force Participation in Advanced Economies Macro and Micro Evidence written by Francesco Grigoli and published by International Monetary Fund. This book was released on 2018-06-25 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite significant headwinds from population aging in most advanced economies (AEs), labor force participation rates show remarkably divergent trajectories both across countries and across different groups of workers. Participation increased sharply among prime-age women and, more recently, older workers, but fell among the young and prime-age men. This pa- per investigates the determinants of these trends using aggregate and individual-level data. We find that the bulk of the dramatic increase in the labor force attachment of prime-age women and older workers in the past three decades can be explained by changes in labor mar- ket policies and institutions, structural transformation, and gains in educational attainment. Technological advances such as automation, on the other hand, weighed on the labor supply of prime-age and older workers. In light of the dramatic demographic shifts expected in the coming decades in many AEs, our findings underscore the need to invest in education and training, reform the tax system, reduce early retirement incentives, improve the job-matching process, and help individuals combine family and work life in order to alleviate the pressures from aging on labor supply.
Download or read book The Economics of Women and Work in the Global Economy written by Reyna Elizabeth Rodríguez Pérez and published by Taylor & Francis. This book was released on 2022-07-25 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an analysis of the key issues faced by women in the labor market in the 21st century. It identifies the factors that inhibit women's participation in the labor market, studies occupational segregation by gender and analyzes labor transitions, questioning whether the experience for men and women differs. It also explores the effect of entrepreneurship support programs on women's economic and social positions, as well as the public policy implications of women's entry into the labor market. The book investigates working women in Mexico and also offers comparisons with countries such as Spain and developing countries within Eastern Europe. It explores a variety of topics, from a gender perspective, such as labor participation, the feminization of poverty, migration, wage gaps, changes in employment, informal work programs and public policy. Finally, the book offers a topical and timely analysis of the COVID-19 pandemic, tracking the gender inequalities among men and women in labor markets. The main market for the book is the global community of academics, researchers and graduate students in the fields of economics and, specifically, in the study of the labor market from a gender perspective. It will also be beneficial to government institutions responsible for the creation of public programs and policies, as well as non-governmental and non-profit organizations.
