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

Productivity_Graphs_FINAL_ATo 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