The Global Workforce Crisis: $10 Trillion at Risk

The Global Workforce Crisis: $10 Trillion at Risk

          
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The Global Workforce Crisis: $10 Trillion at Risk

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    Appendix

    Exhibit 1 shows the data underlying our labor-force-demand projections for all of the countries we studied: growth rates for annual GDP and labor productivity over the past 10- and 20-year periods. These were based on the growth rates for historical GDP and labor productivity (obtained from the Economist Intelligence Unit). Using these historical rates, we extrapolated the labor force each country would need in order to keep GDP and productivity growth in 2020 and 2030 at their historical levels.

    exhibit

    Exhibit 2 compares five key labor-force-supply indicators across the 25 countries. These are the total fertility rates, labor force participation rates for women, official retirement ages (for men and women), effective retirement ages (for men and women), and average number of hours worked per week at the primary source of employment. Because all of these indicators, depending on the country, may be policy driven, they can serve as levers that will affect labor supply and demand.

    exhibit