Productivity miracle in the aging industrial countries?
The combination of aging population and falling birthrates in the industrial countries will have particularly strong effects on the labor markets in Europe and Japan. It is anticipated that by 2050, the supply of labor in these markets could shrink by 15% and 30%, respectively, which would result in a growing shortage of young workers from the end of this decade. This growing scarcity of the factor labor will in turn result in a relatively strong rise in wages. This paper looks at the implications of a shortfall in the labor factor input and discusses how this potential crisis could be managed.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 5 (2002)
Issue (Month): ()
|Contact details of provider:|| Postal: |
Phone: +1 212 284 8600
Web page: http://www.capco.com/
When requesting a correction, please mention this item's handle: RePEc:ris:jofitr:1288. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Springett)
If references are entirely missing, you can add them using this form.