IDEAS home Printed from https://ideas.repec.org/a/dah/aeqsjb/v134_y2014_i1_q1_p1-24.html
   My bibliography  Save this article

Das Erwerbspersonenpotenzial zu Vollzeitäquivalenten: Messkonzept, Projektion und Anwendungsbeispiele

Author

Listed:
  • Thomas A. Knetsch
  • Katja Sonderhof
  • Wolfram Kempe

Abstract

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 interdependency 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 effect. However, a decline is to be expected in full-time equivalents due to the negative repercussions of rising labour force participation on working hours. / Mit dem Erwerbspersonenpotenzial zu Vollzeitäquivalenten wird ein Messkonzept für das gesamtwirtschaftliche Arbeitsangebot auf Stundenbasis vorgeschlagen. Es dient zur Berechnung des Faktors Arbeit in angebotsseitigen Schätzungen des Produktionspotenzials in der mittleren Frist. Besondere Aufmerksamkeit wird der Interdependenz zwischen Erwerbsbeteiligung und Arbeitszeitentscheidung geschenkt. Unter der Annahme zunehmender Beteiligung von Älteren und Frauen am Erwerbsleben sowie bei fortgesetzt hohen Wanderungsüberschüssen kann das Erwerbspersonenpotenzial trotz eines spürbar dämpfenden Alterskohorteneffekts bis 2020 stabilisiert werden. In Vollzeitäquivalenten ist aufgrund der negativen Rückwirkung steigender Erwerbsbeteiligung auf die Arbeitszeit allerdings mit einem Rückgang zu rechnen.

Suggested Citation

  • Thomas A. Knetsch & Katja Sonderhof & Wolfram Kempe, 2014. "Das Erwerbspersonenpotenzial zu Vollzeitäquivalenten: Messkonzept, Projektion und Anwendungsbeispiele," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 134(1), pages 1-24.
    • Handle: RePEc:dah:aeqsjb:v134_y2014_i1_q1_p1-24
    DOI: 10.3790/schm.134.1.1
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.3790/schm.134.1.1
    Download Restriction: no
    File URL: https://libkey.io/10.3790/schm.134.1.1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Fuchs, Johann & Dörfler, Katrin, 2005. "Projektion des Erwerbspersonenpotenzials bis 2050 : Annahmen und Datengrundlage," IAB-Forschungsbericht 200525, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    2. Francesca D'Auria & Cécile Denis & Karel Havik & Kieran Mc Morrow & Christophe Planas & Rafal Raciborski & Werner Roger & Alessandro Rossi, 2010. "The production function methodology for calculating potential growth rates and output gaps," European Economy - Economic Papers 2008 - 2015 420, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    3. Fuchs, Johann & Söhnlein, Doris, 2005. "Vorausschätzung der Erwerbsbevölkerung bis 2050," IAB-Forschungsbericht 200516, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    4. Kajuth Florian, 2016. "NAIRU Estimates for Germany: New Evidence on the Inflation–Unemployment Tradeoff," German Economic Review, De Gruyter, vol. 17(1), pages 104-125, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fuchs, Johann & Söhnlein, Doris, 2007. "Einflussfaktoren auf das Erwerbspersonenpotenzial : Demografie und Erwerbsverhalten in Ost- und Westdeutschland," IAB-Discussion Paper 200712, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    2. Gustav A. Horn & Fabian Lindner & Silke Tober & Andrew Watt, 2012. "Where now for the euro area crisis? Interim assessment and a model for a stable euro area," IMK Report 75e-2012, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    3. Achim Truger, 2015. "Implementing the golden rule for public investment in Europe," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 138, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    4. Karsten Staehr, 2021. "Export performance and capacity pressures in Central and Eastern Europe," International Economics, CEPII research center, issue 165, pages 204-217.
    5. Boysen-Hogrefe, Jens, 2014. "Konjunkturbereinigung der Länder: Eine Quasi-Echtzeitanalyse am Beispiel Schleswig-Holsteins," Kiel Discussion Papers 538, Kiel Institute for the World Economy (IfW Kiel).
    6. Valerie Vandermeulen & Werner Roeger, 2021. "Trend Capital when Goods and Capital Market Frictions Exist," European Economy - Discussion Papers 145, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    7. Lorenzo Burlon & Paolo D'Imperio, 2019. "The euro-area output gap through the lens of a DSGE model," Questioni di Economia e Finanza (Occasional Papers) 477, Bank of Italy, Economic Research and International Relations Area.
    8. Hofer Helmut & Weyerstraß Klaus & Schmidt Torsten, 2011. "Practice and Prospects of Medium-term Economic Forecasting," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 231(1), pages 153-171, February.
    9. Hayk Karapetyan, 2019. "Estimating Potential Output at the Central Bank of Armenia," Working Papers 12, Central Bank of the Republic of Armenia.
    10. Clark, Brian & Jones, Jonathan & Malmquist, David, 2023. "Leverage and the cost of capital for U.S. banks," Journal of Banking & Finance, Elsevier, vol. 155(C).
    11. Johann Fuchs & Doris Söhnlein & Birgit Weber, 2022. "Demografische Alterung führt zu einem stark sinkenden Erwerbspersonenpotenzial [Demographic Ageing Leads to a Sharply Declining Labour Force Potential]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(2), pages 148-150, February.
    12. João Sousa Andrade & António Portugal Duarte, 2014. "Output-gaps in the PIIGS Economies: An Ingredient of a Greek Tragedy," GEMF Working Papers 2014-06, GEMF, Faculty of Economics, University of Coimbra.
    13. Projektgruppe Gemeinschaftsdiagnose, 2011. "Gemeinschaftsdiagnose Frühjahr 2011: Aufschwung setzt sich fort - Europäische Schuldenkrise noch ungelöst," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(08), pages 03-63, April.
    14. International Monetary Fund, 2014. "Euro Area Policies: Selected Issues," IMF Staff Country Reports 2014/199, International Monetary Fund.
    15. Mellár, Tamás & Németh, Kristóf, 2018. "A kibocsátási rés becslése többváltozós állapottérmodellekben. Szuperhiszterézis és további empirikus eredmények [Estimating output gap in multivariate state space models. Super-hysteresis and furt," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 557-591.
    16. Katja Heinisch & Klaus Wohlrabe, 2017. "The European refugee crisis and the natural rate of output," Applied Economics Letters, Taylor & Francis Journals, vol. 24(16), pages 1138-1142, September.
    17. Gebhardt, Heinz, 2016. "Haushaltskonsolidierung in den meisten Bundesländern weit vorangeschritten," RWI Konjunkturberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, vol. 67(4), pages 33-48.
    18. Federico Bassi, 2020. "Chronic Excess Capacity and Unemployment Hysteresis in EU Countries. A Structural Approach," DISCE - Working Papers del Dipartimento di Economia e Finanza def091, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    19. Cláudia Duarte & José R. Maria & Sharmin Sazedj, 2021. "Cyclical outputs and structural budget balances," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    20. Deborah Mabbett & Waltraud Schelkle, 2014. "Searching under the lamp-post: the evolution of fiscal surveillance," Europe in Question Discussion Paper Series of the London School of Economics (LEQs) 5, London School of Economics / European Institute.

    More about this item

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dah:aeqsjb:v134_y2014_i1_q1_p1-24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: E-Publishing-Team (email available below). General contact details of provider: https://www.duncker-humblot.de .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.