Economic growth, labor market and demographic patterns

2011 ◽  
Vol 22 (1) ◽  
pp. 81-91 ◽  
Author(s):  
María José Roa ◽  
Dulce Saura ◽  
Francisco J. Vázquez
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Demographic Patterns

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

Gender Gaps in the Labor Market and Economic Growth

2018 ◽  
Author(s):  
Pierre-Richard Agenor ◽  
Kamer Karakurum Ozdemir ◽  
Emmanuel Pinto Moreira
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Gender Gaps

scholarly journals HUMAN CAPITAL AND ITS ROLE IN THE FOURTH INDUSTRIAL REVOLUTION

2021 ◽  
Author(s):  
Yelyzaveta Snitko ◽  
Yevheniia Zavhorodnia
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Labor Market ◽  
Technological Change ◽  
Industrial Revolution ◽  
Skilled Workers ◽  
Fourth Industrial Revolution ◽  
Modern Economy ◽  
The Future ◽  
The Impact

The development of a modern economy, in the context of the fourth industrial revolution, is impossible without the accumulation and development of human capital, since the foundation of the transformation of the economic system in an innovative economy is human capital. In this regard, the level of development and the efficiency of using human capital are of paramount importance. This article attempts to assess the role of human capital in the fourth industrial revolution. In the future, human talent will play a much more important role in the production process than capital. However, it will also lead to a greater division of the labor market with a growing gap between low-paid and high-paid jobs, and will contribute to an increase in social tensions. Already today, there is an increase in demand for highly skilled workers, especially in high-income countries, with a decrease in demand for workers with lower skills and lower levels of education. Analysis of labor market trends suggests that the future labor market is a market where there is simultaneously a certain demand for both higher and lower skills and abilities, combined with the devastation of the middle tier. The fourth industrial revolution relies heavily on the concept of human capital and the importance of finding complementarity between human and technology. In assessing the impact of the fourth industrial revolution, the relationship between technology, economic growth and human resources was examined. The analysis was carried out in terms of three concepts of economic growth, technological change and human capital. Human capital contributes to the advancement of new technologies, which makes the concept of human capital an essential factor in technological change. The authors emphasize that the modern economy makes new demands on workers; therefore it is necessary to constantly accumulate human capital, develop it through continuous learning, which will allow the domestic economy to enter the trajectory of sustainable economic growth. The need to create conditions for a comprehensive increase in the level of human capital development is noted.

scholarly journals FDI Environment in China: A Critical Analysis

2020 ◽  
Vol 11 (5) ◽  
pp. 238
Author(s):  
Manuel Fernandez ◽  
Aysha Abdulla Ahmed Aljeed Alnuaimi ◽  
Robinson Joseph
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Population Growth ◽  
Market Efficiency ◽  
Critical Analysis ◽  
Secondary Data ◽  
Political Stability ◽  
Labor Cost ◽  
Tax Rates ◽  
The World

Investors prefer to invest in assets and places that offer attractive returns and are relatively less risky. China is one of the countries with the highest economic growth and is trying to attract investors from all corners of the world to invest and participate in the growth of China. The main objectives of this study are to evaluate the position of China as a destination for FDI, the factors that attract FDI into China, and the factors that hinder the flow of FDI into China. It also proposes to examine whether the attractiveness of China is increasing or is it on the decline and the rationale behind it. This study is based on secondary data, covers a period of five years, and analysis various determinants of FDI. The study reveals that China has the potential, political stability, and an organized financial system, but its market has started to shrink as the population growth is declining, the labor cost is increasing, labor market efficiency is decreasing, economic growth and infrastructure developments are decelerating, and corporate and individual tax rates are high.

REDUCING INCOME INEQUALITY WHILE BOOSTING ECONOMIC GROWTH: CAN IT BE DONE? EVIDENCE FROM OECD COUNTRIES

2014 ◽  
Vol 59 (01) ◽  
pp. 1450001 ◽  
Author(s):  
PETER HOELLER ◽  
ISABELLE JOUMARD ◽  
ISABELL KOSKE
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Income Inequality ◽  
Oecd Countries ◽  
Gdp Per Capita ◽  
Labor Market Institutions ◽  
Policy Reforms ◽  
Market Institutions ◽  
Trade Off ◽  
Per Capita

This paper identifies inequality patterns across Organisation for Economic Co-operation and Development (OECD) countries and provides new analysis of their policy and non-policy drivers. One key finding is that education and anti-discrimination policies, well-designed labor market institutions and large and/or progressive tax and transfer systems can all reduce income inequality. On this basis, the paper identifies several policy reforms that could yield a double dividend in terms of boosting GDP per capita and reducing income inequality, and also flags other policy areas where reforms would entail a trade-off between both objectives.

scholarly journals Morocco

2019 ◽  
Vol 19 (317) ◽  
Author(s):  
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Euro Area ◽  
External Environment ◽  
Business Environment ◽  
Quality Of Education ◽  
Economic Diversification ◽  
Fiscal Management ◽  
Geopolitical Risks

Despite a challenging external environment, improved fiscal management and economic diversification have strengthened the resilience of Morocco’s economy in recent years. Yet, economic growth, at 3 percent in 2018, has not been robust enough and unemployment remains high, especially among the youth. The outlook also remains subject to elevated risks, including fragile recovery in the euro area and geopolitical risks in the region. In this context, sustaining the recent momentum in reforms will be key to achieve a higher, more inclusive, and more private sector-led growth. Key priorities include improving the quality of education, the functioning of the labor market and the business environment; continuing the fight against corruption; and, increasing female labor force participation.

scholarly journals The impact of practical entrepreneurship project on future entrepreneurial intentions

2016 ◽  
Vol 14 (4) ◽  
pp. 67-75 ◽  
Author(s):  
Tshilidzi Eric Nenzhelele ◽  
Nthabiseng Violet Moraka ◽  
Kopano Kalvyn More
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Experiential Learning ◽  
Positive Impact ◽  
Jel Classification ◽  
The Body ◽  
Entrepreneurial Intentions ◽  
Body Of Knowledge ◽  
The Impact ◽  
Harsh Reality

The recurrent struggle of seeking employment and the saturated labor market is a harsh reality in the lives of many university students. Entrepreneurship is arguably the most effective contributor to employment and economic growth. However, very few entrepreneurship graduates start businesses immediately after graduation. Moreover, while academic institutions invest in developing entrepreneurship curriculum and extending the body of knowledge, little is invested in practical programs. There is, therefore, a need to practically teach entrepreneurship. This research was aimed at establishing the impact of practical entrepreneurship project on future entrepreneurial intentions of students. The research was quantitative in nature and a questionnaire was used to collect data from the respondents. The research found that the practical entrepreneurship project had a positive impact on the future entrepreneurial intentions of the students. The sample for the survey reported in this article included 25 participants across various career fields. Keywords: entrepreneurship, entrepreneurial intentions, experiential learning, practical entrepreneurship project, student business initiative challenge. JEL Classification: L26

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