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Labour force developments in the euro area since the 1980s

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  • Genre, Véronique
  • Gómez-Salvador, Ramón

Abstract

This paper aims, first, at assessing the relative importance of working age population and participation rates to explain labour force developments in the euro area between 1983 and 2000. It also compares participation rates in the euro area vis-à-vis the US, considering age and gender groups. It shows that the effect of population growth on labour force developments is losing importance relative to the effects of changes in the participation rate. Indeed, in the last few years, the effects of changes in the participation rate have exceeded those of the increase in working age population. This trend is expected to continue in the coming years. As regards the comparison of the euro area with the US, it shows a continuing large difference in women’s participation rate and among the youngest and oldest men’s age groups in the US versus the euro area, giving room for future positive contributions coming from participation in the euro area.

Suggested Citation

  • Genre, Véronique & Gómez-Salvador, Ramón, 2002. "Labour force developments in the euro area since the 1980s," Occasional Paper Series 4, European Central Bank.
    • Handle: RePEc:ecb:ecbops:20024
    Note: 375755
    as

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    File URL: https://www.ecb.europa.eu//pub/pdf/scpops/ecbocp4.pdf
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    References listed on IDEAS

    as
    1. Veronique Genre & Ramon Gomez Salvador, 2002. "Labour force developments in the euro area since the 1980s," Occasional Paper Series 04, European Central Bank.
    2. Thimann, Christian & Buldorini, Luca & Makrydakis, Stelios, 2002. "The effective exchange rates of the euro," Occasional Paper Series 2, European Central Bank.
    3. Luca Buldorini & Stelios Makrydakis & Christian Thimann, 2002. "The effective exchange rates of the euro," Occasional Paper Series 02, European Central Bank.
    4. Claus Brand & Dieter Gerdesmeier & Barbara Roffia, 2002. "Estimating the trend of M3 income velocity underlying the reference value for monetary growth," Occasional Paper Series 03, European Central Bank.
    5. Brand, Claus & Gerdesmeier, Dieter & Roffia, Barbara, 2002. "Estimating the trend of M3 income velocity underlying the reference value for monetary growth," Occasional Paper Series 3, European Central Bank.
    Full references (including those not matched with items on IDEAS)

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