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Labour supply and employment growth

Katalin Bodnár

Economic Bulletin Articles, 2018, vol. 1

Abstract: This article examines the main factors behind the recent changes in euro area labour supply and how they have influenced employment developments. It finds that the increasing supply from older people and women, as well as immigration, have had a significant influence on employment growth during the economic recovery. Both migration and the numbers of older people and women in or seeking work have been driven by long-term trends and structural changes, while migration has also been affected by several cyclical factors. In the medium to longer term, labour supply is expected to decline as the population ages. This calls for policies to support labour force and employment growth, for example by helping the long-term unemployed, migrants and other groups whose participation rates remain low, to enter or return to the labour market, or find jobs that better match their skills. JEL Classification: J01, J21, J22, J61

Keywords: aging; immigration; labour supply; women (search for similar items in EconPapers)
Date: 2018-02
Note: 2881411
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Handle: RePEc:ecb:ecbart:2018:0001:1