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The Labour Market, Human Capital and Migration: Ageing and Stratification of Society

In: Economic Development and Resilience by EU Member States

Author

Listed:
  • Biruta Sloka
  • Ilze Buligina
  • Ginta Tora
  • Juris Dzelme
  • Ilze Brante
  • Anna Angena
  • Kristīne Liepiņa

Abstract

Purpose:This chapter analyses the labour market and human capital development in 13 European Union (EU)-adopted countries. It discusses innovative activities for various target groups, addressing demographic challenges and social issues related to labour market developments, highlighting positive experiences and practical solutions for improved human capital development. Need for study: Demographic challenges, such as ageing societies and information and communication technology (ICT), are causing further stratification in Europe and increasing pressure on human capital development. Positive experiences reduce economic imbalances and achieve sustainability goals in human capital development, including successful application of the ‘silver economy’. Methodology: Representative data from randomly selected households implemented in all EU and candidate countries using the same Eurostat methodology, and Household Finance and Consumption Surveys conducted in all Eurozone countries, Hungary, and Poland, implemented by national banks and supervised by the European Central Bank, where representative survey data are available for comparative studies. Findings: Academic researchers are focusing on human capital development for the elderly population, exploring demographic processes and the silver economy to support their labour market involvement. Increased adult education and internet usage in new EU countries show significant income increases, with the highest increase in countries with larger adult education shares. Health issues are also being studied for elderly labour market retention. Practical implications: This study suggests policy measures to address human capital development issues, particularly in the context of demographic challenges, investing in all age groups, avoiding economic bottlenecks, and preventing burnout to maximise labour market retention. These solutions could enhance Europe’s competitiveness.

Suggested Citation

  • Biruta Sloka & Ilze Buligina & Ginta Tora & Juris Dzelme & Ilze Brante & Anna Angena & Kristīne Liepiņa, 2024. "The Labour Market, Human Capital and Migration: Ageing and Stratification of Society," Contemporary Studies in Economic and Financial Analysis, in: Economic Development and Resilience by EU Member States, volume 115, pages 231-247, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-375920240000115013
    DOI: 10.1108/S1569-375920240000115013
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    More about this item

    Keywords

    Human capital development; investment in education; economic activity support; retention in employment; silver economy; E24; E26; G51; G38; I13; I15; I24; I31;
    All these keywords.

    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
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • I13 - Health, Education, and Welfare - - Health - - - Health Insurance, Public and Private
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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