Imbalances between supply and demand: recent causes of labour shortages in advanced economies
Fuente:
Organización Internacional del Trabajo (OIT)
Salvato in:
| Autore principale: | |
|---|---|
| Natura: | Entrada de enciclopedia |
| Pubblicazione: |
International Labour Organization
2024
|
| Accesso online: | |
| Tags: |
Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
|
| _version_ | 1874524968409104385 |
|---|---|
| author | Lisa Feist (Author) |
| author_facet | Lisa Feist (Author) Lisa Feist (Author) |
| contents | Imbalances between supply and demand: recent causes of labour shortages in advanced economies Lisa Feist (Author) In the wake of the COVID-19 pandemic, numerous high-income countries encountered heightened vacancy rates and labour shortages, which persisted into 2023. This paper examines the dynamics underlying labour market fluctuations in advanced economies, such as cyclical movements, structural shifts and pandemic-induced trends. The surge in labour demand following economic reopening varied across sectors, as sustained fiscal support measures bolstered demand, contributing to a pronounced uptick in vacancies. Statistics on labour force participation and working hours highlight the intricacies of the supply side of the labour market. However, long-term projections reveal challenges stemming from population ageing, which were exacerbated by pandemic-induced retirements and gender disparities in employment. Shifts in migration patterns further shaped labour dynamics, with sectors such as healthcare, education, and information and communications technology grappling with skills shortages. Geographical mismatch and decreased labour mobility underscored the limitations in reallocating workers across regions. This analysis stresses the multifaceted nature of labour market challenges following the pandemic, urging policymakers to adopt nuanced strategies to address persistent labour shortages and structural transformations in advanced economies.This work is the result of background research in preparation of the ILO research department’s 2024 WESO Trends report. ILO working paper, 115, ILO 10.54394/LUTY2310 DOI https://doi.org/10.54394/LUTY2310; ISBN 9789220406236 publication.encyclopediaEntry |
| format | Entrada de enciclopedia |
| id | ilo_995365188302676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2024 |
| publisher | International Labour Organization |
| spellingShingle | Imbalances between supply and demand: recent causes of labour shortages in advanced economies Lisa Feist (Author) Imbalances between supply and demand: recent causes of labour shortages in advanced economies Lisa Feist (Author) In the wake of the COVID-19 pandemic, numerous high-income countries encountered heightened vacancy rates and labour shortages, which persisted into 2023. This paper examines the dynamics underlying labour market fluctuations in advanced economies, such as cyclical movements, structural shifts and pandemic-induced trends. The surge in labour demand following economic reopening varied across sectors, as sustained fiscal support measures bolstered demand, contributing to a pronounced uptick in vacancies. Statistics on labour force participation and working hours highlight the intricacies of the supply side of the labour market. However, long-term projections reveal challenges stemming from population ageing, which were exacerbated by pandemic-induced retirements and gender disparities in employment. Shifts in migration patterns further shaped labour dynamics, with sectors such as healthcare, education, and information and communications technology grappling with skills shortages. Geographical mismatch and decreased labour mobility underscored the limitations in reallocating workers across regions. This analysis stresses the multifaceted nature of labour market challenges following the pandemic, urging policymakers to adopt nuanced strategies to address persistent labour shortages and structural transformations in advanced economies.This work is the result of background research in preparation of the ILO research department’s 2024 WESO Trends report. ILO working paper, 115, ILO 10.54394/LUTY2310 DOI https://doi.org/10.54394/LUTY2310; ISBN 9789220406236 publication.encyclopediaEntry |
| title | Imbalances between supply and demand: recent causes of labour shortages in advanced economies |
| url | https://researchrepository.ilo.org/esploro/outputs/encyclopediaEntry/Imbalances-between-supply-and-demand-recent/995365188302676 |