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The Decline in Labor Productivity Growth Among OECD Countries

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  • John McCollough
  • Gevorg Sargsyan
  • Wei Jiang

Abstract

This article examines the decline in labor productivity growth within OECD (Organisation for Economic Co-operation and Development) countries since 2005. It is hypothesized that the aging labor force throughout OECD countries contributes to this. To test this, two-panel regressions were run on two different time periods for the OECD countries. The first regression was run on the period from 1991 to 2004. The second regression was run on the period from 2005 to 2020. Data on the average age of the labor force for OECD countries consistently increases annually from 1991 to 2020; however, starting in 2005, the increase in the age of the labor force for OECD countries became more pronounced, and this continued through 2020. It was found that starting in 2005, the aging labor force had a significant impact on the decline in labor productivity growth.

Suggested Citation

  • John McCollough & Gevorg Sargsyan & Wei Jiang, 2025. "The Decline in Labor Productivity Growth Among OECD Countries," Journal of Economic Issues, Taylor & Francis Journals, vol. 59(4), pages 1285-1296, October.
    • Handle: RePEc:mes:jeciss:v:59:y:2025:i:4:p:1285-1296
    DOI: 10.1080/00213624.2025.2575137
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