scholarly journals Ageing Of The Workforce: Effects On The Labour Market With Participation And Retirement

Author(s):  
Ram SriRamaratnam ◽  
Julian Williams ◽  
Xintao Zhao

Ageing of the work force in New Zealand is an important determinant of labour market dynamics. In addition to the median age and the proportion of workers in retirement age, the nature of occupations and health and financial security are also important determinants of participation and retirement.The baby boom generation has approached their retirement years and the age structure of the working age population has also significantly altered. Consequently, the retirement of older workers is expected to make-up an important source of new job openings over the coming decades.Estimating and forecasting likely future retirement rates by occupational groups is of considerable interest, and provides further insights into labour market dynamics.In this study, recent historical retirement rates for broad (3-digit) ANZSCO occupational groups were derived using an internationally accepted methodology known as the cohort component method, adapted to allow for some participation by older age groups. Occupational employment data by age extracted from the recently released 2013 Census was analysed along with the corresponding data from the 2006 Census to estimate the average retirement rates over the 2006-13 period. These rates are then used to project future retirement rates over the 2013-20 period for the same broad occupational groups. Projections were based on the Working Age Population projections for age groups and their associated participation rates.

2010 ◽  
pp. 455-464 ◽  
Author(s):  
Biljana Radivojevic ◽  
Vladimir Nikitovic

The paper presents the impact of demographic ageing on the size and age composition of the labour force in Serbia. With an unchanged rate of activity, demographic ageing will lead to a reduction in the size of work force. After leaving the working age of baby-boom generations after 2010 a continuous decline of working age population is expected. Even expected immigration after 2020 in 90% cases will not prevent its further decline. Certain institutional measures, such as moving the age limit for leaving the labour force, can mitigate the negative effects of demographic trends. .


Author(s):  
Ram SriRamaratnam ◽  
Xintao Zhao

The interaction between the different macro labour market drivers and their influence on key labour market outcomes is of considerable interest to labour market analysts as well as policy makers. One of these relationships is between employment growth (or labour demand) and the associated reduction in the unemployment rate. This relationship is often determined by other labour market indicators, such as participation rates (or labour supply), and the working age population (amongst other factors). This paper reports on an integrated macro labour market forecasting framework developed by the Labour Group of MBIE, disaggregated into 11 five-yearly age cohorts across the working age population. The labour market dynamics during business cycles are affected by the ageing of the work force in New Zealand. This has varied consequences on labour market outcomes for different age cohorts, especially those at each end of the age spectrum. Forecasting likely future unemployment rates by age cohort level is of considerable interest, and will provide further insights into labour market dynamics. In addition to those in the prime age cohorts, other cohorts of interest include new entrants into the working age population; those age cohorts potentially involved in training; and those in the pre-retirement age cohorts.


2020 ◽  
Vol 13 (1) ◽  
pp. 15-32
Author(s):  
Małgorzata Radziukiewicz

SummarySubject and purpose of work: This paper deals with the issues of occupational activation of economically inactive persons. Its objective is to provide the reader with an outline of labour market problems and the situation of the economically inactive population*. Persons who qualify neither as employed or as unemployed potentially constitute an untapped labour potential. The focus in this paper is on economically inactive persons and the reasons they do not seek employment, in order to better understand, first, the causes behind such a low occupational activity and, second, the possible remedial measures. In view of the urgent need for reintegrating persons outside the labour force with the labour market, it appears of utmost importance to identify the reasons for their situation. The fact that nearly 5.02 million working-age Poles remain economically inactive (accounting for nearly 22.0% of the whole working-age population) indicates how huge their potential may be. Special attention will be paid to groups of potential workers who have barely marked their presence on the labour market. One such group is formed by over 2.35 million individuals who are outside the labour market for reasons unrelated to health or retirement age.Materials and methods: The analysis is based on the annual and quarterly Labour Force Survey (LFS) data provided by Statistics Poland, and data originating from the Local Data Bank. To facilitate a wider discussion, the statistical data presented in the article cover a multi-annual perspective. This information is supplemented with research results obtained by other authors. Use is made of different methods of data analysis, including a descriptive analysis – to determine the underlying figures regarding the number of economically inactive persons; a dynamics analysis – to identify changes that occurred in 2006-2019 in the figures determined in the descriptive analysis; and a comparative analysis – to assess trends regarding economically inactive persons by comparing selected data with those that have been recently recorded in other EU countries.Results: The scale of economic inactivity in 2016-2019 is assessed on the basis of statistical data presented in tables and figures regarding economically inactive persons by the most common reason for inactivity. The analytical part of this paper features thematic blocks/detailed analyses of the demographic situation, the level and breakdown of economically inactive persons, and changes in their numbers that have taken place in recent years.Conclusions: The constantly declining working-age population, coupled with the low level of occupational activity in some age groups, should encourage decision-makers to design adequate labour market policies/programmes to support the occupational activity of Poles. Labour supply improvements should be sought mainly through the occupational activation of economically inactive persons and through extending the period of occupational activity.


Author(s):  
В.Ю. Бабышев ◽  
Г. А. Барышева

В статье рассматривается занятость лиц пожилого возраста в условиях сорвеменных технологических, медицинских и демографических изменений. Актуальность темы исследования обусловлена демографическим старением населения, современными достижениями медицины и изменением характера трудовых операций в результате научно-технического прогресса. В данной статье проверены следующие конкурирующие гипотезы: производительность работников старших возрастных групп находится ниже уровня рентабельности из-за неуклонного ухудшения здоровья или, наоборот, ценность работников старших возрастных групп на современном рынке труда возрастает из-за повышения роли опыта, навыков и квалификации. Дополнительно проанализирован вопрос влияния систем пенсионного обеспечения на мотивацию лиц пожилого возраста к продолжению трудовой деятельности. Для проверки данных гипотез на основе статистики Организации экономического сотрудничества и развития проведен анализ общего уровня занятости, участия в рабочей силе и безработицы, а также временной и неполной занятости по нескольким возрастным группам в диапазоне 15-65 лет и старше. Для оценки динамики проанализирована ситуация на 2000 и 2019 гг. В целом сделан вывод, что количественные и качественные параметры занятости у работников старших возрастных групп уступают среднему рабочему возрасту, однако во временной динамике использование человеческого капитала лиц пожилого возраста растет. В области геронтологии рекомендовано уделять повышенное внимание улучшению здоровья возрастной когорты 65 лет и старше и изменению трудового законодательства в плане стимулирования продолжения трудовой деятельности после официального наступления пенсионного возраста. The article examines the employment of older people in the context of disrupted technological, medical and demographic changes. The relevance of the research topic is due to the demographic aging of the population, modern medical advances and changes in the nature of labor operations as a result of scientific and technological progress. In this article, the following competing hypotheses are tested: the productivity of older workers is below the level of profitability due to a steady decline in health, or vice versa, the value of older workers in the modern labor market is increasing due to the increasing role of experience, skills and qualifications. Additionally, the question of the impact of pension systems on the motivation of older people to continue working is analyzed. To test these hypotheses, based on OECD statistics, we analyzed the overall level of employment, labor force participation and unemployment, as well as temporary and underemployment for several age groups in the range of 15-65+ years. To assess the dynamics, the situation for 2000 and 2019 was analyzed. In general, the author concludes that the quantitative and qualitative parameters of employment of older people are inferior to the average working age, but over time, the use of the human capital of older people is growing. In the field of gerontology, it is recommended to pay increased attention to improving the health of the 65+ age cohort and changing labor legislation in order to stimulate the continuation of work.


Author(s):  
Alla Vadimovna Beltikova ◽  

The article is devoted to the analysis of the involvement of enterprises of the Siberian Federal District in the development of digital ecosystems of the regions. The study is based on the collected database consisting of 404 respondents of various age groups of the working-age population living in the Siberian Federal District. The survey was conducted for 2 months from March 2021 to May 2021. This study helped to determine the capabilities of ordinary employees in improving the digital ecosystems of enterprises, as well as to identify the expectations and fears of respondents from the development of digital ecosystems in the regions.


2003 ◽  
Vol 18 (6) ◽  
pp. 306-313 ◽  
Author(s):  
Johannes Wancata ◽  
M. Musalek ◽  
R. Alexandrowicz ◽  
M. Krautgartner

AbstractSeveral authors have pointed out that in the next few decades dementia will affect a considerably increasing number of the elderly. To our knowledge there exist no calculations of the number of demented persons for the whole European region. We made calculations on the number of dementia cases for the period 2000–2050 based on the population projections of the United Nations. For this purpose, we used the results of several meta-analyses of epidemiological studies. The number of prevalent dementia cases in the year 2000 was 7.1 million. Within the next 50 years, this number will rise to about 16.2 million dementia sufferers. The number of new dementia cases per year will increase from about 1.9 million in the year 2000 to about 4.1 million in the year 2050. Contrarily, the working-age population will considerably decrease during the next 50 years. In the year 2000, 7.1 million dementia cases faced 493 million persons in working-age. This equals a ratio of 69.4 persons in working-age per one demented person. Until the year 2050, this ratio will decrease to only 21.1. Thus, the financial and emotional burden placed by dementia on the working-age population will markedly rise.


2007 ◽  
Vol 23 (3) ◽  
Author(s):  
Wilma Henderikse ◽  
Kène Henkens ◽  
Joop Schippers

Samenvatting Employers struggling with older workers The ageing of the Dutch work force proceeds rapidly. An increasing share of Dutch employers now has to face the consequences of an ageing staff. Many employers are not very optimistic about these consequences: they foresee increasing costs if their personnel grows older, while these increasing costs are not offset by increasing benefits. Yet, personnel policies towards older workers can be characterised as ‘accommodating’: older workers are being spared (less overtime, no nightshifts) and are being granted additional facilities (more holidays, more relaxed working hours). Only few organisations invest in older workers’ human capital. So, personnel policies actually contribute to the imbalance between costs and benefits of an ageing work force. In addition, employers do not consider older workers a key factor to combat current and future labour market shortages.


Author(s):  
Tatyana Yu. Gorchakova ◽  
Anastasiya N. Churanova

Introduction. Issues of preserving the health and saving of the Russian population are important in the development of state programs. One of the main sources of population growth, as well as the preservation of the labor potential of our country, is the reduction of the death rate of the working - age population. The aim of the study was to analyze the mortality of the population in the age groups 15-59 years and 15-64 years for men and 15-54 years and 15-59 years for women in Russia in comparison with the countries of the European Union (EU-28). Materials and methods. Mortality was studied based on data from Rosstat and the WHO Mortality Database and the Human Mortality Database. Age-standardized mortality rates were calculated for Russia in 2018 and the EU-28 countries in 2017 (European standard, revised 2013). Results. Comparative analysis of the standardized mortality rates of the population 15 to 59 years and 15-64 years for men and 15-54 years of age and 15-59 years of age showed a significant gap between Russia and the EU-28. Differences in mortality among men in comparison with the EU-28 in the age group of 15-59 years was 3.1 times, and in the age group 15-64 years - by 2.8 times. In women aged 15-54 years, the excess was 2.5 times, and in those aged 15-59 years - 2.2 times. Conclusions. Thus, the analysis of modern data on the mortality of the male (aged 15-59 and 15-64 years) and female (aged 15-54 and 15-59 years) populations indicated that negative trends persist in Russia's lagging behind the European Union countries.


2004 ◽  
Vol 3 (2) ◽  
pp. 145-153 ◽  
Author(s):  
Fritz von Nordheim

In response to the ageing and shrinking of the working-age population, the European Union has agreed ambitious goals for raising the employment rate and the exit age of older workers. This article traces the development of EU policy approaches and presents EU-15 figures on the state of affairs. Progress so far has been modest, but EU policies are expected to facilitate the emergence of better regimes of age management within Member States. In turn, this will help Europe move towards its employment targets for the working population aged 55 to 64 years.


2019 ◽  
Vol 27 (3) ◽  
pp. 273-295
Author(s):  
Philip J O’Connell

This paper explores why African immigrants have poor labour market outcomes in Ireland, with very low employment and exceptionally high unemployment rates. The analysis draws on the 2011 Census to examine outcomes for different groups of immigrants. Controlling for individual characteristics suggests that the labour market disadvantages suffered by Africans cannot be attributed to compositional differences: Africans in Ireland are a relatively well-educated group concentrated in the prime working-age groups. The paper investigates an alternative explanation that suggests that the African disadvantage may be due to the policy of excluding asylum seekers from the labour market. I create a novel measure of the risk of exposure to the Irish asylum system by expressing the number of asylum seekers in years prior to the 2011 Census as a proportion of the Irish-resident population from each country. This asylum risk variable is found to influence labour market outcomes, reducing employment and increasing unemployment chances. Moreover, its inclusion in the models also reduces the effects of African group membership. Even controlling for individual characteristics and risk of exposure to the asylum system, there remains a substantial residual African disadvantage in both employment and unemployment, which may be due to discriminatory practices by employers.


Sign in / Sign up

Export Citation Format

Share Document