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The impact of aging on regional employment: Linking spatial econometrics and population projections for a scenario analysis of future labor market outcomes in Nordic regions

Economics and Business Letters

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Title The impact of aging on regional employment: Linking spatial econometrics and population projections for a scenario analysis of future labor market outcomes in Nordic regions
 
Creator Dall Schmidt, Torben
Kangasharju, Aki
Mitze, Timo; University of Southern Denmark
Rauhut, Daniel
 
Description Ageing is a key challenge for many countries. The purpose of this paper is to simulate how ageing affects future regional labour market outcomes. We develop a simulation procedure based on data for 71 Nordic regions in Finland, Norway, Sweden and Denmark. The procedure combines spatial econometrics and population projections for scenario analyses of future employment patterns up to 2021. Compared to a “benchmark scenario” based on projections of the working age population, we find that predicted regional labour market outcomes tell a much richer story if a combination of estimation results and population projections is used. To this end, our results can be helpful for economic policymaking, which is constantly in need of accurate regional labor market forecasts.
 
Publisher Oviedo University Press
 
Contributor —
 
Date 2014-12-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.unioviedo.es/reunido/index.php/EBL/article/view/10414
10.17811/ebl.3.4.2014.232-246
 
Source Economics and Business Letters; Vol 3, No 4 (2014): December - Special Issue Advances in Regional Forecasting; 232-246
Economics and Business Letters; Vol 3, No 4 (2014): December - Special Issue Advances in Regional Forecasting; 232-246
2254-4380
10.17811/ebl.3.4.2014
 
Language eng
 
Relation http://www.unioviedo.es/reunido/index.php/EBL/article/view/10414/10121
http://www.unioviedo.es/reunido/index.php/EBL/article/downloadSuppFile/10414/441
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