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  • February 2022 Newsletter
How are ageing populations disrupting the global labor market post Covid-19?
View this email online
IZA World of Labor

We asked you to put your questions to our authors and key topic spokespeople, so we can answer the queries most relevant to you.

How are ageing populations disrupting the global labor market post Covid-19?

One of our most recent questions was
from Chris, based in the US: 


The global labor market was predicted to be disrupted by aging populations and industry 4.0 between 1% and 50% before the pandemic. What are the new projections? What are the thoughts on best ways to mitigate in the short, medium, and long term? 
 

Daniel S. Hamermesh, IZA World of Labor Editor-in-Chief, answers:


The demographic predictions are that the world population will continue aging after the pandemic is long over, since birth rates in lower-income countries are projected to keep falling, and longevity will rise, barring repeated pandemics. This is not disruption—it’s a set of circumstances to which countries will have to adjust. Indeed, one might argue that it is beneficial, since an older labor force is a more skilled labor force; and, not to be anti-youth, older workers are more settled and less likely to quit jobs than younger workers. 

 

Main point:
 

The worldwide labor force will age. So too for the US labor force, although like other rich countries we can stave off problems by allowing immigration to continue as it has in the past 3 or 4 decades.

Read Daniel S. Hamermesh’s articles:

  • The labor market in the US, 2000-2020 (Deutsch)

  • Do labor costs affect companies’ demand for labor? (Deutsch) (Español) 

Get in touch with your labor market questions

by filling out this short form

Watch our latest video:

Panel discussion on the impact of Covid-19 and today's labor market in Europe and the U.S.

Panel discussion on the impact of Covid-19 and today's labor market in Europe and the US

 
 
View all our recent videos

IZA World of Labor articles and opinion pieces are frequently cited in content published by both major media outlets and policy-making organizations.

View our most recent media citations here.

View our most recent policy citations here.


Latest articles:

  • The labor market impact of COVID-19 on immigrants (Deutsch) by Hugh Cassidy

  • The transformations of the French labor market, 2000–2021 (Deutsch) by Philippe Askenazy

  • Can cash transfers reduce child labor? (Deutsch) by Furio C. Rosati


Latest opinion pieces:

Labor markets in low-income countries: Challenges and opportunities

Labor markets in low-income countries: Challenges and opportunities

A new book on labor markets in low-income countries looks at the role of labor markets in driving economic growth and poverty reduction in the coming decades.

 
Who benefits when migrants return to developing countries?

Who benefits when migrants return to developing countries?

Between 20% and 50% of migrants leave the host country within five years of arrival, either to return home or to move to a third country, and the majority of those return rather than move onward. 

 
How do widespread shocks affect people’s desires to redistribute income?

How do widespread shocks affect people’s desires to redistribute income?

How is the current pandemic affecting income inequality? Is the pandemic making the poor poorer and the rich richer?

 
Read more opinion pieces

Labor economics in the news:

Belgium adopted a 4-day work week; thousands of Saudi women applied for just 30 jobs

Belgium adopted a 4-day work week; thousands of Saudi women applied for just 30 jobs

Discusses issues as diverse as working hours, female labor force participation, and gender discrimination.

 
Increasing number of doctors emigrating from Turkey; Desperate Zimbabweans risk dangerous border crossings

Increasing number of doctors emigrating from Turkey; Desperate Zimbabweans risk dangerous border crossings

Discusses issues as diverse as brain drain, illegal immigration, and ethnicity pay gaps.

 
India is facing widespread unemployment; The minimum wage in Germany will be raised to €12 per hour

India is facing widespread unemployment; The minimum wage in Germany will be raised to €12 per hour

Discusses issues as diverse as unemployment due to Covid-19, minimum wages, and shortages of skilled workers.

 
Read more news

Upcoming events:

  • Call for papers EALE conference 2022, March 1 2022 - Padova, Italy

  • CESifo Area Conference on Energy and Climate Economics 2022, March 04-05 2022 - Munich, Germany

  • 11th Workshop on Labor Economics and Social Policy, March 12-13 2022 - Dresden, Germany

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