The fallacy of the lump of labor theory: evidence for Latin America
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Organización Internacional del Trabajo (OIT)
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| Format: | Artículo científico |
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International Labour Organization
2024
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| _version_ | 1874524968416444418 |
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| author | Ignacio Apella (Author) |
| author_facet | Ignacio Apella (Author) Ignacio Apella (Author) |
| contents | The fallacy of the lump of labor theory: evidence for Latin America Ignacio Apella (Author) In a context of population ageing, this article analyses the “lump of labour” theory using empirical evidence from Latin America. Instead of finding a crowding-out effect, estimations using a fixed effects model on a panel of annual data drawn from household surveys in 11 countries between 2002 and 2019 suggest a positive correlation between the employment rates of older adults and young people. Additionally, results show a positive association between the labour incomes of older and young workers. These findings could indicate that an expansion in the employment of older adults maintains economic growth and, therefore, a greater demand for labour, which could be supplied by young people. 10.1111/ilr.12396 DOI https://doi.org/10.1111/ilr.12396 publication.journalArticle |
| format | Artículo científico |
| id | ilo_995365089702676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2024 |
| publisher | International Labour Organization |
| spellingShingle | The fallacy of the lump of labor theory: evidence for Latin America Ignacio Apella (Author) The fallacy of the lump of labor theory: evidence for Latin America Ignacio Apella (Author) In a context of population ageing, this article analyses the “lump of labour” theory using empirical evidence from Latin America. Instead of finding a crowding-out effect, estimations using a fixed effects model on a panel of annual data drawn from household surveys in 11 countries between 2002 and 2019 suggest a positive correlation between the employment rates of older adults and young people. Additionally, results show a positive association between the labour incomes of older and young workers. These findings could indicate that an expansion in the employment of older adults maintains economic growth and, therefore, a greater demand for labour, which could be supplied by young people. 10.1111/ilr.12396 DOI https://doi.org/10.1111/ilr.12396 publication.journalArticle |
| title | The fallacy of the lump of labor theory: evidence for Latin America |
| url | https://researchrepository.ilo.org/esploro/outputs/journalArticle/The-fallacy-of-the-lump-of/995365089702676 |