Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20192
Authors: 
Fertig, Michael
Schmidt, Christoph M.
Year of Publication: 
2003
Series/Report no.: 
IZA Discussion paper series 956
Abstract: 
Taking a European cross-country perspective, this paper addresses the most important issues in the nexus of population ageing and labor markets. We start from a descriptive overview of the demographic change currently shaping European societies. The subsequent section intensively discusses the potential consequences of these demographic processes for and interdependencies with the labor market situation in Europe. We place particular emphasis on the issue of non-competitive wage setting. In our empirical application we demonstrate that moderately large birth cohorts seem to experience lower employment rates, but also that education investments might be able to mitigate these consequences, and that the relative economic success of large cohorts might even be disproportionately positive. Finally, in the concluding section we review possible policy options for coping with the consequences of population ageing.
Subjects: 
demographic change
cohort size
unemployment
JEL: 
J21
J11
Document Type: 
Working Paper

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