Population ageing negatively affects productivity

Skirbekk, V. (2005). Population ageing negatively affects productivity. In: Vienna Yearbook of Population Research. pp. 5-6 Vienna, Austria: Verlag der Österreichischen Akademie der Wissenschaften. 10.1553/populationyearbook2005s5.

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Population ageing is likely to lead to lower productivity than what the situation would be if the population did not age. This is both because the workforce grows older and because a lower proportion of the population are working. Shorter working lives coupled with increased overall life expectancy, low fertility and ageing of the baby boomers both ages and shrinks the economically active share of the population. This is likely to have massive implications for work productivity and overall economic growth.

Over the last decades, despite longer life spans, working lives have become several years shorter than what was previously the norm. In many ageing economies, an average worker spends more years out of the workforce than in it even today. As life expectancy has continued to increase by more than a year every decade, it becomes increasingly difficult to keep the length of retirement fixed or just stabilise the proportion of people's lives that they spend in retirement.

Item Type: Book Section
Research Programs: World Population (POP)
Bibliographic Reference: Vienna Yearbook of Population Research 2005; 3:5-6 (2005) (Published online 28 December 2005)
Related URLs:
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:17
Last Modified: 27 Aug 2021 17:37
URI: https://pure.iiasa.ac.at/7539

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