The dynamics of the requirement for qualified professionals : In the long run, the forces of the market will counteract labour shortages

Abstract

"The economy needs qualified professionals. If the population of Germany becomes older more quickly and shrinks in the future, less workers will be available. At the same time this does not necessarily lead to an insolvable problem: actors on the labour market are continually reacting to demographic developments. Wages rise, demand changes, workers move from one region to another or change their professions, establishments meet bottlenecks with new recruitment strategies or enhanced investment in education. The market adapts. However such dynamic processes also have their limitations." (Authors' abstract, IAB-Doku) ((en))

Cite article

Brunow, S., Möller, J. & Stegmaier, J. (2012): Dynamiken des Fachkräftebedarfs: Die Kräfte des Marktes wirken Engpässen langfristig entgegen. In: IAB-Forum No. 2, p. 4-9. DOI:10.3278/IFO1202W004