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The role of demographics in recent developments in the unemployment rate

Author

Listed:
  • Berson, Clémence
  • Da Silva, António Dias
  • Weißler, Marco

Abstract

The euro area unemployment rate has been declining for the past two years. This box explores the role of labour supply factors in driving this decline. To this end, it examines in particular whether changes in the labour force composition of certain demographic groups have contributed to this trend. The results show that, even within the relatively short time frame considered, shifts in the labour force composition – and especially the rising proportions of older workers and workers with a tertiary education – have contributed to reducing the unemployment rate. JEL Classification: E24, J11, J21

Suggested Citation

  • Berson, Clémence & Da Silva, António Dias & Weißler, Marco, 2025. "The role of demographics in recent developments in the unemployment rate," Economic Bulletin Boxes, European Central Bank, vol. 1.
    • Handle: RePEc:ecb:ecbbox:2025:0001:3
    Note: 686280
    as

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    More about this item

    Keywords

    demographics; Unemployment rate;

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • 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

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