Question

The aging population may be a problem in labour supply. Discuss

The aging population may be a problem in labour supply. Discuss

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Working age population acts as the source of labor supply.

The working age population is consisted of people between age 15 to 64.

Greater the proportion of people between the age of 15 to 64, greater would be the working age population and, therefore, greater would be the labor supply.

If a country's population is getting aged at significant rate then this implies that aging population as proportion of total population is increasing .

This also implies that people above age of 64 or number of retirees is increasing.

This will reduce the working age population and as working age population will decrease, the labor supply will also decrease.

Thus, in this manner, the aging population may be a problem with respect to labor supply.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Discuss the following 1)Contributing factors to nursing shortage: 2)Aging nurses and population 3)Increase in the supply...
Discuss the following 1)Contributing factors to nursing shortage: 2)Aging nurses and population 3)Increase in the supply of nurses Imports from English-speaking countries. 3)Diversity in the Nursing Profession 2)The number of elderly people is increasing as the number of adults in early midlife is decreasing.
With regard to the supply of labour: a) Explain how the leisure preference analysis is used...
With regard to the supply of labour: a) Explain how the leisure preference analysis is used to establish the relationship between real income and supply of labor. b) Discuss the significance of the backward bending supply curve of labour for economic analysis.
What are the three most important variables that cause the market supply curve for labour to​...
What are the three most important variables that cause the market supply curve for labour to​ shift? The supply curve for labour shifts with changes in A. the​ population, the wage rate and opportunities in other labour markets. B. the price of the product​, demographics and opportunities in other labour markets. C. the​ population, demographics and opportunities in other labour markets. D. the​ population, the quantity of other inputs and opportunities in other labour markets E. immigration, minimum wage legislation...
You are to research 'supply chain security problems', report on a current problem and discuss how...
You are to research 'supply chain security problems', report on a current problem and discuss how it is being addressed. This problem may be directly or indirectly related or entirely unrelated to the disruption cased by the coronavirus pandemic.
Assume that the labour market can be described by the following supply and demand equations: S:e...
Assume that the labour market can be described by the following supply and demand equations: S:e = a + bP + cW & D:e = α + βP + η W where e is the log of employment, W is the log wage, and P is a log of the “population.” a) Interpret b and β. Explain how immigration may shift the population. b) Solve for the equilibrium wage and employment level as a function of the population.
Discuss how the aging population will affect the current long-term care system over the next two...
Discuss how the aging population will affect the current long-term care system over the next two decades. How can healthcare administrators prepare for these changes? Be specific and provide detailed examples to support your major points.
LABOUR MARKET Population and Employment, Lusaka, 2020 (millions) Total population 30.5 Labour-force population 24.3 Labour force...
LABOUR MARKET Population and Employment, Lusaka, 2020 (millions) Total population 30.5 Labour-force population 24.3 Labour force 15.9 Employed 14.7 Find the labour force participation rate? * Your answer Find the unemployment rate * Your answer Find the employment rate * Your answer Find the percentage of the unwilling to work * Your answer
Assume that the labour market can be described by the following supply and demand equations: S:e...
Assume that the labour market can be described by the following supply and demand equations: S:e = a + bP + cW D:e = ? + ?P + ? W where e is the log of employment, W is the log wage, and P is a log of the “population.” a) Interpret b and ?. Explain how immigration may shift the population. b) Solve for the equilibrium wage and employment level as a function of the population STEP BY STEP...
discuss what marginal product of labour and total product of labour are and give an example...
discuss what marginal product of labour and total product of labour are and give an example illustrting what they are.
In the primary care setting, discuss how a problem list may be used and discuss the...
In the primary care setting, discuss how a problem list may be used and discuss the rationale for maintaining a medication list. Discuss the challenges and benefits of advanced practice registered nurses using social medial sites for professional purpose.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT