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Demographic Developments and European Labour Markets

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  • Ermisch, John

Abstract

This review indicates that the aging of the European labor force does not appear to have major impacts. Compositional effects on average outcomes such as productivity are generally small and, where they are larger, small policy changes can usually eliminate their effects. The impacts of aging on age-specific earnings and unemployment profiles are also likely to be small to moderate, varying with a country's wage setting institutions. European labor markets do not appear to be very well integrated and there is little evidence that they are moving significantly in that direction. Copyright 1995 by Scottish Economic Society.

Suggested Citation

  • Ermisch, John, 1995. "Demographic Developments and European Labour Markets," Scottish Journal of Political Economy, Scottish Economic Society, vol. 42(3), pages 331-346, August.
    • Handle: RePEc:bla:scotjp:v:42:y:1995:i:3:p:331-46
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    References listed on IDEAS

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    1. Welch, Finis, 1979. "Effects of Cohort Size on Earnings: The Baby Boom Babies' Financial Bust," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 65-97, October.
    2. George I Treyz, 1993. "The Dynamics of U.S. Internal Migration," The Review of Economics and Statistics, MIT Press, vol. 75(2), pages 209-214, May.
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    Cited by:

    1. Lecca, Patrizio & McGregor, Peter G. & Swales, J. Kim & Yin, Ya Ping, 2010. "Inverted Haavelmo Effects in a General Equilibrium Analysis of the Impact of Implementing the Scottish Variable Rate of Income Tax," SIRE Discussion Papers 2010-47, Scottish Institute for Research in Economics (SIRE).
    2. Agiomirgianakis, George & Zervoyianni, Athina, 2001. "Globalization of labor markets and macroeconomic equilibrium," International Review of Economics & Finance, Elsevier, vol. 10(2), pages 109-133.
    3. Burgess, Simon & Propper, Carol & Rees, Hedley & Shearer, Arran, 2003. "The class of 1981: the effects of early career unemployment on subsequent unemployment experiences," Labour Economics, Elsevier, vol. 10(3), pages 291-309, June.
    4. V A Muscatelli., 1995. "Flexibility, Structural Change and the Global Economy," Working Papers 9601, Business School - Economics, University of Glasgow, revised Jan 1996.
    5. Jacques Poot, 2007. "Demographic Change and Regional Competitiveness: The Effects of Immigration and Ageing," Population Studies Centre Discussion Papers dp-64, University of Waikato, Te Ngira Institute for Population Research.

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