PROJECT M
 

Where have all my colleagues gone?

An aging workforce in Germany, Japan, the US and UK is likely to decrease wealth by up to 15%

Michela Coppola
© Tom Sibley

Where have all my colleagues gone?

An aging workforce in Germany, Japan, the US and UK is likely to decrease wealth by up to 15%

Michela Coppola

Methodology

Required increase in productivity graphTo understand the impact of aging on productivity in Germany, Japan, the US and UK, International Pensions calculated the decrease of the labor force until 2060. The productive structure – hours worked, output per working hour and labor force participation – was assumed to stay constant while populations age as projected by the United Nations.

Gross domestic product per capita from 2012, the most recent data available, was used as a measure of well-being. It indicates the total amount of goods and services produced in one year and divides it by the nation’s total population. Thus it gives a sense of how much is available for consumption to every person in an economy.

Please note, that the workers represent only a share of those of working age as not everybody aged 15 to 64, the standard definition of working-age population, is necessarily gainfully employed.

Comments