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dc.contributor.authorCuadrado, Pilar
dc.contributor.authorMontero, José Manuel
dc.contributor.authorFernández-Cerezo, Alejandro
dc.contributor.authorRodríguez, Francisco José
dc.coverage.spatialEspaña
dc.date.accessioned2023-08-31T09:24:47Z
dc.date.available2023-08-31T09:24:47Z
dc.date.issued2023-08-31
dc.identifier.issn1695-9086 (en línea)
dc.identifier.issn1130-4987 (en papel)
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/33513
dc.description.abstractRationale Population ageing is one of the greatest structural challenges facing the Spanish economy. Foremost among its multiple effects is its contractionary impact on labour supply, which will foreseeably have major implications on both the functioning of the labour market and the potential growth or sustainability of public finances. Takeaways •Population ageing over the past decade has had an estimated negative impact of around 3.4 percentage points (pp) on Spain’s participation rate in 2022. This impact has been uneven by regions, with a sharper fall in the Cantabrian regions (Asturias, Cantabria and the Basque Country). •According to the latest National Statistics Institute’s population projections, the participation rate is set to drop a further 2.8 pp by 2030 owing to the continuing ageing process. Excluding the support of net immigration flows, the drop would be 1.6 pp greater. •In addition, the impact of ageing may deepen regional divergences, since the regions that have an older population and lower GDP per capita may be expected to experience the sharpest falls in the participation rate.
dc.format.extent11 p.
dc.language.isoen
dc.publisherBanco de España
dc.relation.ispartofEconomic Bulletin / Banco de España, 2023/Q3, 12
dc.relation.hasversionVersión en español 123456789/33476
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectLabour force
dc.subjectParticipation rate
dc.subjectDemographic ageing
dc.subjectSpanish regions
dc.titleThe impact of population ageing on the labour force participation rate in Spain
dc.typeArtículo
dc.identifier.bdebib000474766
dc.identifier.bdepubECBU-2023-Q3-12
dc.subject.bdeRenta, empleo y precios
dc.subject.bdeEconomía regional y recursos naturales
dc.subject.bdeMercado de trabajo
dc.publisher.bdeMadrid : Banco de España, 2023
dc.subject.jelJ21
dc.subject.jelE24
dc.subject.jelR11
dc.identifier.doihttps://doi.org/10.53479/33513
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