Ageing of the labour force and regions under globalization

McQuaid, Ronald W (2006) Ageing of the labour force and regions under globalization. In: NARSC Conference, 16th-18th November 2006, Toronto, Canada.

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The rapid aging of the population structure across most developed countries is one of the main challenges facing their economies and governments (CEC 2004a).1 These changes will have significant impacts upon pension and healthcare costs, the demand for different products and services, the quantity and composition of labor forces, productivity levels etc. and hence national and regional economic growth and living standards (Mackeller 2003; Samorodov 1999). Indeed, Bloom and Canning (2003) argue that having a younger population with an increase in working age per non-working age population may be one of a number of factors in the huge growth of ‘Tiger’ economies, such as Ireland in the 1990s, and the reverse of having an aging structure may have a negative impact on growth. For example, Lisiankova and Wright (2005) argue that EU growth rates will fall significantly due to population aging. Unemployment may also be influenced by changes in the age structure as Katz and Kreuger (1999) estimate that 0.4 percentage points of the total fall in USA NAIRU from the mid-1980s to mid-1990s was due to the baby boom maturing. For those countries with at younger age structure these changes may provide opportunities for increased development using their own growing labor supplies to help meet global consumption, but they may also be a source of migrants to countries experiencing a reduction in their labor force, as part of labor market globalization

Item Type: Conference or Workshop Item (Other)
Uncontrolled Keywords: aging population; labour markets; unemployment; pensions; healthcare costs; economic impact; "Tiger" economy;
University Divisions/Research Centres: Edinburgh Napier University, Employment Research Institute
Dewey Decimal Subjects: 300 Social sciences > 330 Economics > 331 Labor economics
Library of Congress Subjects: H Social Sciences > HD Industries. Land use. Labor
Item ID: 2625
Depositing User: Mrs Lyn Gibson
Date Deposited: 02 Jun 2009 12:20
Last Modified: 22 Oct 2014 12:26

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