via CONVERSABLE ECONOMIST: Lower Working Age Population and Secular Stagnation.
Lower Working Age Population and Secular Stagnation
11 Feb 2015 Leave a comment
in labour economics, labour supply, population economics Tags: ageing society, ageing workforce, Population demographics
Why Don’t More People Want a Job?
08 Feb 2015 Leave a comment
in labour economics, labour supply, unemployment Tags: ageing society, ageing workforce, labour force participation, labour market demographics
New Zealand national labour force projections – the invasion of the 65+ worker
03 Dec 2014 Leave a comment
in labour economics, labour supply, population economics Tags: ageing workforce, demographics, labour economics, labour force projections, older workers, population ageing
Figure 1: National labour force projections by age group, 2006-2041
Source: Statistics New Zealand, cyclical migration scenario
Not that many years time, about 2035, there will be almost as many workers as there are young workers – those between 15 and 24. About 400,000 workers in each age bracket.
Not that long ago all, in the early 1990s, there were about 25,000 workers in New Zealand were over 65 – they could fit in a football stadium. Soon, they will equal the population of the national capital: Wellington.
Workers aged 65+ moved from accounting for 1.5 per cent of workers in 1991 to 5 per cent in 2011 and 9 per cent in 2021!
Utopia, you are standing in it! 
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