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Der Arbeitsmarkt erlebt derzeit eine Zeitenwende
[The Labor Market is Currently Experiencing a Turn of Eras]

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  • Wido Geis-Thöne

    (Institut der Deutschen Wirtschaft (IW Köln))

Abstract

Increasing labour shortages are mainly due to demographic developments — specifically the baby boom in Germany, with a strong peak in the early 1960s. Despite strong immigration in recent years, the ratio of 20–24 year-olds to 60–64 year-olds was only 75 to 100 in 2021, and if younger cohorts are taken into account, it was even less favourable. This demographic gap can only be closed by migration. However, the workers coming into the country should have qualifications that are compatible with the German labour market, which severely limits the group of potential immigrants. Therefore, previously inactive population groups must also be attracted to gainful employment and automation must be promoted.

Suggested Citation

  • Wido Geis-Thöne, 2022. "Der Arbeitsmarkt erlebt derzeit eine Zeitenwende [The Labor Market is Currently Experiencing a Turn of Eras]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(9), pages 673-676, September.
    • Handle: RePEc:spr:wirtsc:v:102:y:2022:i:9:d:10.1007_s10273-022-3278-1
    DOI: 10.1007/s10273-022-3278-1
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    References listed on IDEAS

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    1. Jan Van Bavel & David S. Reher, 2013. "The Baby Boom and Its Causes: What We Know and What We Need to Know," Population and Development Review, The Population Council, Inc., vol. 39(2), pages 257-288, June.
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    More about this item

    Keywords

    J11; J21; F22;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration

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