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The Impact of Education and Health on Labour Force Participation and the Macroeconomic Consequences of Ageing

Author

Listed:
  • Thomas Horvath
  • Serguei Kaniovski
  • Thomas Leoni
  • Martin Spielauer

    (WIFO)

  • Thomas Url

    (WIFO)

Abstract

In the coming years, demographic change will lead to an aging and subsequently shrinking workforce in most industrialized nations. As a result of the demographically induced shrinkage of the workforce, fewer and fewer people will contribute to generating a country's material prosperity. In 2019, the Austrian Institute of Economic Research (WIFO) was commissioned by the Bertelsmann Stiftung to analyse the impact that the expected demographic development in selected industries will have on overall economic development and key macroeconomic variables ("Macroeconomic Consequences of Ageing and Directed Technological Change"). Based on these findings, the effects of demographic change on the economy are now estimated in more detail, considering the influence of education and health as well as better labour force integration of people with health problems on the development of labour force participation.

Suggested Citation

  • Thomas Horvath & Serguei Kaniovski & Thomas Leoni & Martin Spielauer & Thomas Url, 2021. "The Impact of Education and Health on Labour Force Participation and the Macroeconomic Consequences of Ageing," WIFO Studies, WIFO, number 67107, April.
    • Handle: RePEc:wfo:wstudy:67107
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    File URL: https://www.wifo.ac.at/wwa/pubid/67107
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    Citations

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    Cited by:

    1. Thomas Horvath & Walter Hyll & Helmut Mahringer & Hedwig Lutz & Martin Spielauer, 2022. "Ältere am Arbeitsmarkt: Eine Vorausschau bis 2040 als Grundlage für wirtschaftspolitische Maßnahmen," WIFO Studies, WIFO, number 69701, February.
    2. René Böheim & Thomas Horvath & Thomas Leoni & Martin Spielauer, 2023. "The Impact of Health and Education on Labor Force Participation in Aging Societies: Projections for the United States and Germany from Dynamic Microsimulations," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 42(3), pages 1-35, June.
    3. Hedwig Lutz & Maria Köpping & Andrea Leitner & Mario Steiner & Zora Vakavlieva & Helga Reichert & Andreas Riesenfelder & Claudia Sorger & Barbara Willsberger, 2022. "Das Operationelle Programm "Beschäftigung Österreich 2014 bis 2020" des Europäischen Sozialfonds. Endbericht der begleitenden Evaluierung," WIFO Studies, WIFO, number 69239, February.
    4. Johannes Amann & René Böheim & Thomas Horvath & Thomas Leoni & Martin Spielauer, 2021. "The microWELT-US Microsimulation Model for Projections of the US Labour Force Participation Accounting for Education and Health. Technical Report," WIFO Studies, WIFO, number 67943, February.
    5. Christine Mayrhuber & Benjamin Bittschi, 2021. "Fehlzeitenreport 2021. Krankheits- und unfallbedingte Fehlzeiten in Österreich – Frühintervention, Wiedereingliederung und mentale Gesundheit," WIFO Studies, WIFO, number 68042, April.

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