The Impact of Workforce Aging on European Productivity

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Publisher : International Monetary Fund
ISBN 13 : 1475569491
Total Pages : 29 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Impact of Workforce Aging on European Productivity by : Mr.Shekhar Aiyar

Download or read book The Impact of Workforce Aging on European Productivity written by Mr.Shekhar Aiyar and published by International Monetary Fund. This book was released on 2017-01-18 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The age-distribution of Europe’s workforce has shifted towards older workers over the past few decades, a process expected to accelerate in the years ahead.. This paper studies the effect of the aging of the workforce on labor productivity, identifies the main transmission channels, and examines what policies might mitigate the effects of aging. We find that workforce aging reduces growth in labor productivity, mainly through its negative effect on TFP growth. Projected workforce aging could reduce TFP growth by an average of 0.2 percentage points every year over the next two decades. A variety of policies could ameliorate this effect.

The Impact of Workforce Aging on European Productivity

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Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Impact of Workforce Aging on European Productivity by : Shekhar S. Aiyar

Download or read book The Impact of Workforce Aging on European Productivity written by Shekhar S. Aiyar and published by . This book was released on 2017 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The age-distribution of Europe's workforce has shifted towards older workers over the past few decades, a process expected to accelerate in the years ahead. This paper studies the effect of the aging of the workforce on labor productivity, identifies the main transmission channels, and examines what policies might mitigate the effects of aging. We find that workforce aging reduces growth in labor productivity, mainly through its negative effect on TFP growth. Projected workforce aging could reduce TFP growth by an average of 0.2 percentage points every year over the next two decades. A variety of policies could ameliorate this effect.

Aging and the Macroeconomy

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Publisher : National Academies Press
ISBN 13 : 0309261961
Total Pages : 230 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Aging and the Macroeconomy by : National Research Council

Download or read book Aging and the Macroeconomy written by National Research Council and published by National Academies Press. This book was released on 2013-01-10 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.

Managing the Aging Workforce

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 9783895786112
Total Pages : 240 pages
Book Rating : 4.7/5 (861 download)

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Book Synopsis Managing the Aging Workforce by : Marius Leibold

Download or read book Managing the Aging Workforce written by Marius Leibold and published by John Wiley & Sons. This book was released on 2007-06-27 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing the Aging Workforce is one of the crucial topics for many of the world ́s enterprises. The increasing average age of populations does not only affect social systems, countries and communities, but also has a strong impact on the work of businesses and companies. The decline in demographic fitness will not only hit countries like the U.S., the Western European countries, or Japan, but also the upcoming societies in China or in the Eastern European countries. In many of these countries, during three or four decades the average age will grow from about 40 years now to about 50 years. Where experts are needed, this may result in an increase of the workforce's age of between 5 and 10 years in only one decade. For companies thus, a number of challenges arise that have to be overcome fast and continuously. The main topics in this field will be new strategies in leadership, new concepts in health management, new ways in knowledge management and learning, as well as new models how to drive ideas for diversity and innovation. On the one hand, enterprises therefore will have to invest in their aging employees for supporting their talents, helping them to learn and keeping them in the company. On the other, they will have to increase productivity, keep on searching for new products, and integrate experts from abroad. This has to be combined with new ways of strategies and HR management. This book presents an analysis of the present and upcoming situation, and an introduction into the strategic concepts enterprises will need to survive in aging societies.

Promoting an Age-Inclusive Workforce Living, Learning and Earning Longer

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264691472
Total Pages : 159 pages
Book Rating : 4.2/5 (646 download)

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Book Synopsis Promoting an Age-Inclusive Workforce Living, Learning and Earning Longer by : OECD

Download or read book Promoting an Age-Inclusive Workforce Living, Learning and Earning Longer written by OECD and published by OECD Publishing. This book was released on 2020-12-16 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: All OECD economies are undergoing rapid population ageing, leading to more age diversity in workplaces than ever before as people are not only living longer but working longer. This report presents a business case for embracing greater age diversity at the workplace and debunks several myths about generational differences in work performance, attitudes and motivations towards work.

Experience, Skill and Competitiveness

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Author :
Publisher : Improvement of Living and Working Conditions
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.X/5 (2 download)

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Book Synopsis Experience, Skill and Competitiveness by : Maggie Pearson

Download or read book Experience, Skill and Competitiveness written by Maggie Pearson and published by Improvement of Living and Working Conditions. This book was released on 1996 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. Introduction - 2. Context: Demographic and economic change - 3. Barriers to productive employment - 4. Key challenges of the future - 5. Conclusions and recomendations.

The Impact of Population Ageing on Innovation and Productivity Growth in Europe

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Author :
Publisher :
ISBN 13 : 9783700136934
Total Pages : 152 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis The Impact of Population Ageing on Innovation and Productivity Growth in Europe by :

Download or read book The Impact of Population Ageing on Innovation and Productivity Growth in Europe written by and published by . This book was released on 2006 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Ageing, Health, and Productivity

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Author :
Publisher : Oxford University Press
ISBN 13 : 0199587132
Total Pages : 280 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis Ageing, Health, and Productivity by : Pietro Garibaldi

Download or read book Ageing, Health, and Productivity written by Pietro Garibaldi and published by Oxford University Press. This book was released on 2010-11-25 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the challenges ageing populations pose to policy makers in advanced economies. It provides new evidence on how to turn these challenges into long-term, productive opportunities.

Work and Aging

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Publisher : CRC Press
ISBN 13 : 1000162680
Total Pages : 436 pages
Book Rating : 4.0/5 (1 download)

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Book Synopsis Work and Aging by : Jan Snel

Download or read book Work and Aging written by Jan Snel and published by CRC Press. This book was released on 2020-11-25 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past few years the topic of work and ageing has received much public and professional interest. The progressive "greying" of the population and its impact on work is a problem of widespread and growing concern, with major consequences for the economy in terms of productivity, performance, health care, work design and entry opportunities; and for the individual older worker. A European Symposium on Work and Ageing was held in Amsterdam in 1993. It was intended not only for a forum of scientists but also for practitioners and policy-makers who are actually involved in this growing field of social interest.; "Work and Aging", a multi-disciplinary book derives, in part, from this symposium, but also includes especially invited contribributions from experts in occupational health and safety, organizational psychology, cognitive science, and ergonomics.; Throughout the diverse chapters, incentives are suggested on how and why an organization could benefit from the asset of an ageing worker. Training programmes for human resource management, with respect to the elderly and disabled worker in particular, are offered in order to deal effectively with vocational rehabilitation.

Managing an Ageing Workforce

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Publisher : diplom.de
ISBN 13 : 3832499040
Total Pages : 86 pages
Book Rating : 4.8/5 (324 download)

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Book Synopsis Managing an Ageing Workforce by : Daniel Smentek

Download or read book Managing an Ageing Workforce written by Daniel Smentek and published by diplom.de. This book was released on 2006-10-12 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: Germany s population, and consequently its workforce is ageing. Fewer young people will enter the workforce and employers will be pressed to draw from an expanding pool of older people. As a consequence the working age population is projected to decline significantly; while the numbers of organisations depended on them will rise. At the same time, baby boomers are moving towards retirement and can not be replaced by middle-aged or younger workers. Facing impending talent shortages and a substantial loss of knowledge and experience, companies might have little choice but to implement new employment strategies. Primarily based on secondary research and supported by available data from various research institutions, this paper considers relevant variables and approaches related to challenges from a German perspective. This is done regardless of specific industry conditions and circumstances. The paper covers selected peripheral issues like attitudes and retirement intentions of older workers and the myths and stereotypes about them. It provides an overview of the German labour market, specifically the situation of older people, and how public policy has been responding to improve related conditions. Finally, minor and major interventions are presented to adapt human resource methods, work arrangements, and framework conditions. Recognising that an effective response to the demographic changes requires a broader perspective, i.e. considering all working generations, the proposed initiatives primarily focus on the attraction and retention of older people. International and more specific German demographic projections clearly indicate that age management is essential. Organisations have to be prepared to cope with the impending labour and skill shortages resulting from a declining population and a likely mass exodus of the baby boom generation from the workplace. Future competitiveness of businesses increasingly rests on the performance and productivity of older people. Hence understanding, retaining and utilising them becomes crucial. Considering characteristics of the older workforce segment, this paper shows that older workers are ready, willing, and able to stay employed. Medical advancements and other quality-of-life factors lead to people live longer and healthier. Myths and stereotypes about older workers are not upheld by available evidence and replaced by convictions to be a valuable resource for employers and capable [...]

International Perspectives and Strategies for Managing an Aging Workforce

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Author :
Publisher : IGI Global
ISBN 13 : 1799823962
Total Pages : 346 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis International Perspectives and Strategies for Managing an Aging Workforce by : Ince, Fatma

Download or read book International Perspectives and Strategies for Managing an Aging Workforce written by Ince, Fatma and published by IGI Global. This book was released on 2022-03-11 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Older employees are often seen as an obstacle and not as an opportunity for companies, especially regarding the transfer of knowledge and experience. Effective development and utilization of older professional and managerial employees is an important issue as most organizations are not prepared to tailor their training methods to the needs and preferences of these employees due to negative stereotypes. Managing a rapidly aging workforce and sustaining economic dynamism calls for systematic research to prevent age discrimination due to an incomplete knowledge of older workers and politically challenging policy choices that require strong political commitments, robust management leadership, and social consensus. International Perspectives and Strategies for Managing an Aging Workforce examines the differences in stereotypes of older employees compared to younger employees in companies; analyzes the impact of the aging workforce on retention, productivity, and well-being; and investigates organizational systems, processes, and practices for managing older workers. Covering a range of topics such as retention and retirement, this reference work is ideal for researchers, academicians, practitioners, business owners, managers, human resource workers, instructors, and students.

Managing the Ageing Workforce in the East and the West

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Author :
Publisher : Emerald Group Publishing
ISBN 13 : 1787146383
Total Pages : 294 pages
Book Rating : 4.7/5 (871 download)

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Book Synopsis Managing the Ageing Workforce in the East and the West by : Matt Flynn

Download or read book Managing the Ageing Workforce in the East and the West written by Matt Flynn and published by Emerald Group Publishing. This book was released on 2017-11-21 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together Eastern and Western perspectives to explore human resource interventions into extending working life, including phased retirement, healthy work environments and lifelong learning. It assesses issues of implementation in differing cultural, intergenerational, institutional and family contexts.

Golden Aging

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Publisher : World Bank Publications
ISBN 13 : 1464803536
Total Pages : 363 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Golden Aging by : Maurizio Bussolo

Download or read book Golden Aging written by Maurizio Bussolo and published by World Bank Publications. This book was released on 2015-06-23 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compared to other regions, Europe and Central Asia are by far the oldest. Moreover, population aging is set to accelerate further over the coming decades as large segments turn old. Additionally, some countries such as Russia and certain Eastern European countries are facing a shrinkage of their population. Against this backdrop, this report investigates what stands in the way of societies reaping the full benefits of increased longevity--that is, longer lives and potentially prolonged payoffs from human capital--and what can help to mitigate the possible negative impacts of a smaller and older workforce. Beginning with a focus on demographic trends, the report puts the rapid decline in fertility and contrasting migration trends in the region in a historical perspective and looks forward to the varying paths that population change may follow in the region. Next, it examines the evidence on the likely impact of demographic change on growth and savings, the labor force, firm and economy-wide innovation, poverty and inequality, and intergenerational solidarity. Finally, the report goes beyond diagnostics and puts an emphasis on what we know regarding successful policy interventions, presenting evidence on what has and has not worked in the past.--Publisher description.

Examining the Aging Workforce and Its Impact on Economic and Social Development

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Author :
Publisher : IGI Global
ISBN 13 : 1668463539
Total Pages : 233 pages
Book Rating : 4.6/5 (684 download)

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Book Synopsis Examining the Aging Workforce and Its Impact on Economic and Social Development by : Lopes, Bruno de Sousa

Download or read book Examining the Aging Workforce and Its Impact on Economic and Social Development written by Lopes, Bruno de Sousa and published by IGI Global. This book was released on 2023-01-06 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: The phenomenon of aging results from the transition from a demographic model whose birth and mortality rates are exceptionally high to another model in which both demographic factors are increasingly lower. Today’s organizations will encounter issues related to the aging of their workforce. It is necessary to consider and implement new strategies through age management that can contribute to society at various phases of life. Examining the Aging Workforce and Its Impact on Economic and Social Development builds on existing literature in the field of the aging workforce for the economic and social development of countries while providing additional research opportunities in this dynamic and growing field. This book reflects on this critical issue, increasing the understanding of the importance of the aging workforce in the context of the business and management area, and providing relevant academic work, empirical research findings, and an overview of this relevant field of study. Covering topics such as hiring practices, workplace age diversity, and retention practices, this premier reference source is an excellent resource for government officials, business leaders, human resource managers, sociologists, students and educators of higher education, librarians, researchers, and academicians.

The Economics of Aging

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Publisher : University of Chicago Press
ISBN 13 : 0226903222
Total Pages : 428 pages
Book Rating : 4.2/5 (269 download)

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Book Synopsis The Economics of Aging by : David A. Wise

Download or read book The Economics of Aging written by David A. Wise and published by University of Chicago Press. This book was released on 2009-05-15 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Aging presents results from an ongoing National Bureau of Economic Research project. Contributors consider the housing mobility and living arrangements of the elderly, their labor force participation and retirement, the economics of their health care, and their financial status. The goal of the research is to further our understanding both of the factors that determine the well-being of the elderly and of the consequences that follow from an increasingly older population with longer individual life spans. Each paper is accompanied by critical commentary.

Impact of Delayed Departures

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Publisher : GRIN Verlag
ISBN 13 : 3640738101
Total Pages : 18 pages
Book Rating : 4.6/5 (47 download)

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Book Synopsis Impact of Delayed Departures by : Lukas Scisly

Download or read book Impact of Delayed Departures written by Lukas Scisly and published by GRIN Verlag. This book was released on 2010-11-02 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2010 in the subject Leadership and Human Resources - Miscellaneous, grade: 1,0, Midwestern State University (Wichita Falls, Texas, USA), course: Organizational Behavior, language: English, abstract: Extending work lives has become part of a wider cross-national trend. Due to the Age Discrimination in Employment Act of 1967, mandatory retirement ages in the United States have been largely eliminated. Additionally, Social Security regulations have been re-written to encourage delay of labor force withdrawal, and to reduce financial incentives for early retirement. According to a survey report from the Watson Wyatt consulting firm, it is expected that the workforce in the United States will become increasingly older. The survey concludes that 44 percent of those employees who are 50 years or older plan to retire after 65. The majority of the respondents (54%) stated that they will work for at least three more years than previously expected. Consequently, employers will be faced with numerous challenges. Families of older workers, their younger co-workers, as well as middle-age workers in today's multigenerational workforce are being affected. As such, the aging workforce will have impacts on the policies and practices of workplaces in the nonprofit, for-profit, and public sectors, and each individual employer is being challenged by the question of how to meet the requirements of their changing workforce. Besides impacts in the corporate environment, the nation’s productivity, economic growth and global competitiveness are also being challenged. This paper seeks to investigate the impact of delayed retirement of workers within the United States. At first, the change in the age profile in the U.S. is investigated to highlight the reason for the aging workforce. Second, the reasons for older workers remaining in the workforce are shown. The next chapter demonstrates the impacts of an aging workforce. Special attention is concentrated on recommendations how companies can deal with this issue.

Working Conditions of an Ageing Workforce

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Author :
Publisher :
ISBN 13 : 9789289708159
Total Pages : 70 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Working Conditions of an Ageing Workforce by : European Foundation for the Improvement of Living and Working Conditions

Download or read book Working Conditions of an Ageing Workforce written by European Foundation for the Improvement of Living and Working Conditions and published by . This book was released on 2008 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: