Labor Market Effects of Demographic Shifts and Migration in OECD Countries
The labor force of each industrial country is being shaped by three forces: ageing, education and migration. Drawing on a new database for the OECD countries and a standard analytical framework, this paper focuses on the relative and aggregate effe...
| Main Authors: | , , , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/447801545070536167/Labor-Market-Effects-of-Demographic-Shifts-and-Migration-in-OECD-Countries http://hdl.handle.net/10986/31078 |
| Summary: | The labor force of each industrial
country is being shaped by three forces: ageing, education
and migration. Drawing on a new database for the OECD
countries and a standard analytical framework, this paper
focuses on the relative and aggregate effects of these three
forces on wages across different skill and age groups over
2000 to 2010. The variation in the age and educational
structure of the labor force emerges as the dominant
influence on wage changes. The impact is uniform and
egalitarian: in almost all countries, the changes in the age
and skill structure favor the low-skilled and hurt the
highly skilled across age groups. Immigration plays a
relatively minor role, except in a handful of open
countries, like Australia and Canada, where it accentuates
the wage-equalizing impact of ageing and education.
Emigration is the only inegalitarian influence, especially
in Ireland and a few Eastern European countries which have
seen significant outflows of high-skilled labor to Western
European Union countries. |
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