Potential labour force in full-time equivalents
measurement, projection and applications
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Beschreibung
We propose a concept of potential labour force in full-time equivalents which can be
used to measure aggregate labour supply in terms of hours worked. It is designed
to calculate labour input in production function estimates of medium-run potential
output. Particular attention is paid to the in
uence of immigration and the interde-
pendency between labour force participation and working-time decisions. Assuming
that participation in working life among older people and women will increase, and if
migration surpluses remain high, the potential labour force is likely to be stabilised
until 2020 despite the evident curbing impact of the age cohort e ect. However, a
decline is to be expected in full-time equivalents due to the negative repercussions of
rising labour force participation on working hours.
Steht auch als Elektronisches Dokument zur Verfügung (ISBN 978-3-86558-936-1)
Autor*in
Thomas A. Knetsch
Themen in »Potential labour force in full-time equivalents«
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