Advanced economies will face population decline in the years and decades to come, particularly among those of working age. Yet, there is little empirical evidence of corresponding labor market implications. Tackling this shortcoming from a historical macroeconomic point of view, we compile a new dataset for sixteen advanced economies, covering demographic and labor market variables on an annual basis from 1875 to 2019.
IAB-Discussion Paper 5/2024: Labor Market Adjustments to Population Decline: A Historical Macroeconomic Perspective, 1875-2019