Series: Economic Bulletin.
Author: Brindusa Anghel and Sergio Puente
Economic situation
- Labour market
- Climate change and green transition
- Microeconometrics and microdata
Full document
Abstract
Rationale
This article shows that labour market flows – between employment and unemployment and economic inactivity, and between jobs – vary appreciably across age groups. It also explores the impact of population ageing on aggregate labour market flows in Spain.
Takeaways
- Labour market flows – between employment and unemployment and economic inactivity, and betweenjobs – testify to greater mobility among younger workers.
- Consequently, with all else being equal, the ageing of the employed population in Spain in recentdecades appears to have been one of the factors behind the considerable reduction in aggregateflows in the Spanish labour market.
- In this setting, as population ageing will foreseeably intensify in the near future, the labour retrainingprocesses already under way as part of firms’ digital and green transitions will likely encounterdifficulties.