Abstract
Lisenkova and Wright supplement Ermisch's paper with data focusing particularly on
Scotland. The data suggest that population decline is further advanced here than
south of the border. Their discussion of policy implications notes that while not all
effects of population decline are negative, the negative impacts of a declining labour
force have clear negative macroeconomic consequences: reducing competitiveness
and output while increasing inflation. They suggest increased net migration,
increasing women's labour market participation, and increasing productivity as policy
responses that could mitigate population ageing and its effects. The paper ends by
sketching out the dilemma posed by demographic decline: as populations age costs
increase yet the ability of an economy to meet those costs is likely to decline as well.
Original language | English |
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Place of Publication | Edinburgh |
Number of pages | 22 |
Publication status | Published - 2009 |
Keywords
- Scotland
- demographics
- demography
- population decline
- declining labour force
- competitiveness