published in: Wright, Robert E. (ed.), Scotland's Demographic Challenge, Scottish Economic Policy Network, Stirling-Glasgow, 2004
Taking a European cross-country perspective, this paper addresses the most important
issues in the nexus of population ageing and labor markets. We start from a descriptive
overview of the demographic change currently shaping European societies. The subsequent
section intensively discusses the potential consequences of these demographic processes
for and interdependencies with the labor market situation in Europe. We place particular
emphasis on the issue of non-competitive wage setting. In our empirical application we
demonstrate that moderately large birth cohorts seem to experience lower employment rates,
but also that education investments might be able to mitigate these consequences, and that
the relative economic success of large cohorts might even be disproportionately positive.
Finally, in the concluding section we review possible policy options for coping with the
consequences of population ageing.
We use cookies to provide you with an optimal website experience. This includes cookies that are necessary for the operation of the site as well as cookies that are only used for anonymous statistical purposes, for comfort settings or to display personalized content. You can decide for yourself which categories you want to allow. Please note that based on your settings, you may not be able to use all of the site's functions.
Cookie settings
These necessary cookies are required to activate the core functionality of the website. An opt-out from these technologies is not available.
In order to further improve our offer and our website, we collect anonymous data for statistics and analyses. With the help of these cookies we can, for example, determine the number of visitors and the effect of certain pages on our website and optimize our content.