TY  - RPRT
        AU  - Fertig, Michael
AU  - Schmidt, Christoph M.
        TI  - Gerontocracy in Motion? European Cross-Country Evidence on the Labor Market Consequences of Population Ageing
        PY  - 2003/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 956
        UR  - https://www.iza.org/publications/dp956
        AB  - Taking a European cross-country perspective, this paper addresses the most important
issues in the nexus of population ageing and labor markets. We start from a descriptive
overview of the demographic change currently shaping European societies. The subsequent
section intensively discusses the potential consequences of these demographic processes
for and interdependencies with the labor market situation in Europe. We place particular
emphasis on the issue of non-competitive wage setting. In our empirical application we
demonstrate that moderately large birth cohorts seem to experience lower employment rates,
but also that education investments might be able to mitigate these consequences, and that
the relative economic success of large cohorts might even be disproportionately positive.
Finally, in the concluding section we review possible policy options for coping with the
consequences of population ageing.
        KW  - cohort size
KW  - demographic change
KW  - unemployment
        ER  -