Though EU commissar Špidla speaks, in 2006, about a “demographic time bomb” which needs to be disarmed1, a study suggests that back in 2003 52 percent of the German population has not even heard about the term “demographic change.” Even if these figures are a bit outdated they show that discussion concerning this topic continues between experts and politicians and has been a long-time taking to reach the broader populace. Nowadays, word has spread. The topic has become more pressing on political agendas, national and international summits. In the 2007 Adecco Fitness Survey, European companies invision the demographic change as the second biggest business challenge, following Globalization. The UN has been pressing the issue of ageing populations since the 1940s and forecasts that the number of people over 60 years old will have tripled by 2050. For the first time in history, this figure will exceed that of the number of children (0 – 14 years). However, these aggregated figures do not show that these developments have taken place differently across the globe. Europe is experiencing the most rapid ageing, and the number of old people is already higher than the number of young people. This may explain why demographic change now has such a high priority in EU policies. Nico van Nimwegen, deputy director of the Netherlands Interdisciplinary Demographic Institute notes that the ageing problem is the dominant challenge the EU is facing. He sees the implications of this trend and the need for action and policy change in various areas. Employment has been recognized as one of these target areas. The ageing of the population has important repercussions on the available labor force and thus impacts economic prospects as a whole.
This paper will analyze demographic changes and their impacts on the labor markets. It will begin with an overview of Europe’s demographic development and its driving forces. The subsequent impacts on the labor force will then be discussed followed by an overview of different proposed policy options and how they could help circumvent the consequences of demographic change. Here the goal shall not be to detail single policy measures, but to unveil areas in which policy action needs to be considered. Particular policies have to be chosen carefully by each country in accordance to its individual situation and institutional framework. Finally, the findings of this paper will be reviewed and a final conclusion will be given.
Inhaltsverzeichnis
- Introduction
- Europe's demographic development and the decline of the workforce
- The demographic development - overview of the main trends
- Mortality
- Fertility
- The baby-boom generation
- Ageing – changes in the labor force and the consequences
- Policy options - How to face the challenge?
- Promotion of higher fertility
- Immigration
- Higher productivity
- Higher labor-force participation rate
- Higher participation in the group of young workers
- Higher participation of females
- Higher participation of older workers
- The demographic development - overview of the main trends
- Conclusion
- Bibliography
Zielsetzung und Themenschwerpunkte
This term paper aims to analyze the demographic changes in Europe and their impact on the labor market. It will examine the main trends driving these changes, including mortality, fertility, and the aging of the population. The paper will then discuss the consequences of these trends for the labor force, including the decline in the workforce and the increasing burden on social security systems. Finally, it will explore various policy options that could be implemented to address the challenges posed by demographic change, such as promoting higher fertility, increasing immigration, improving productivity, and raising labor force participation rates.
- Demographic change in Europe
- Impact on the labor force
- Policy options to address demographic challenges
- Economic consequences of demographic change
- Social implications of demographic change
Zusammenfassung der Kapitel
The introduction provides an overview of the demographic challenges facing Europe, highlighting the increasing awareness of the issue among experts and policymakers. It emphasizes the importance of understanding the demographic trends and their impact on the labor market.
Chapter 2 delves into the demographic development in Europe, examining the main trends driving population change, including mortality, fertility, and the aging of the population. It analyzes the impact of these trends on the labor force, highlighting the decline in the workforce and the increasing burden on social security systems.
Chapter 2.1 provides a detailed overview of the demographic development in Europe, focusing on the main trends driving population change. It examines the factors influencing mortality, fertility, and the aging of the population, providing a comprehensive understanding of the demographic landscape in Europe.
Chapter 2.2 explores the consequences of the aging population for the labor force. It analyzes the impact of the decline in the workforce on economic growth, productivity, and social security systems. It also discusses the challenges associated with attracting and retaining skilled workers in a shrinking labor market.
Chapter 2.3 examines various policy options that could be implemented to address the challenges posed by demographic change. It explores the potential of promoting higher fertility, increasing immigration, improving productivity, and raising labor force participation rates to mitigate the negative consequences of demographic trends.
Schlüsselwörter
The keywords and focus themes of the text include demographic change, labor market, workforce, aging population, fertility, mortality, immigration, productivity, labor force participation, policy options, economic consequences, social implications, and European Union.
- Citar trabajo
- Daniel Detzer (Autor), 2009, Europe’s demographic development and the impact on the workforce, Múnich, GRIN Verlag, https://www.grin.com/document/126579
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