The Labor Market is Currently Experiencing a Turn of Eras
Abstract Increasing labour shortages are mainly due to demographic developments — specifically the baby boom in Germany, with a strong peak in the early 1960s. Despite strong immigration in recent years, the ratio of 20–24 year-olds to 60–64 year-olds was only 75 to 100 in 2021, and if younger cohor...
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| Format: | Article |
| Language: | deu |
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Sciendo
2022-09-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3278-1 |
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| _version_ | 1832569143558144000 |
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| author | Wido Geis-Thöne |
| author_facet | Wido Geis-Thöne |
| author_sort | Wido Geis-Thöne |
| collection | DOAJ |
| description | Abstract Increasing labour shortages are mainly due to demographic developments — specifically the baby boom in Germany, with a strong peak in the early 1960s. Despite strong immigration in recent years, the ratio of 20–24 year-olds to 60–64 year-olds was only 75 to 100 in 2021, and if younger cohorts are taken into account, it was even less favourable. This demographic gap can only be closed by migration. However, the workers coming into the country should have qualifications that are compatible with the German labour market, which severely limits the group of potential immigrants. Therefore, previously inactive population groups must also be attracted to gainful employment and automation must be promoted. |
| format | Article |
| id | doaj-art-aad197ad09b64d7384d4e1332ffcaf41 |
| institution | Kabale University |
| issn | 1613-978X |
| language | deu |
| publishDate | 2022-09-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-aad197ad09b64d7384d4e1332ffcaf412025-02-02T23:14:47ZdeuSciendoWirtschaftsdienst1613-978X2022-09-01102967367610.1007/s10273-022-3278-1The Labor Market is Currently Experiencing a Turn of ErasWido Geis-Thöne0Institut der Deutschen Wirtschaft (IW Köln)Abstract Increasing labour shortages are mainly due to demographic developments — specifically the baby boom in Germany, with a strong peak in the early 1960s. Despite strong immigration in recent years, the ratio of 20–24 year-olds to 60–64 year-olds was only 75 to 100 in 2021, and if younger cohorts are taken into account, it was even less favourable. This demographic gap can only be closed by migration. However, the workers coming into the country should have qualifications that are compatible with the German labour market, which severely limits the group of potential immigrants. Therefore, previously inactive population groups must also be attracted to gainful employment and automation must be promoted.https://doi.org/10.1007/s10273-022-3278-1 |
| spellingShingle | Wido Geis-Thöne The Labor Market is Currently Experiencing a Turn of Eras Wirtschaftsdienst |
| title | The Labor Market is Currently Experiencing a Turn of Eras |
| title_full | The Labor Market is Currently Experiencing a Turn of Eras |
| title_fullStr | The Labor Market is Currently Experiencing a Turn of Eras |
| title_full_unstemmed | The Labor Market is Currently Experiencing a Turn of Eras |
| title_short | The Labor Market is Currently Experiencing a Turn of Eras |
| title_sort | labor market is currently experiencing a turn of eras |
| url | https://doi.org/10.1007/s10273-022-3278-1 |
| work_keys_str_mv | AT widogeisthone thelabormarketiscurrentlyexperiencingaturnoferas AT widogeisthone labormarketiscurrentlyexperiencingaturnoferas |