Bulletin – December Quarter 2017 Ageing and Labour Supply in Advanced Economies Abstract
Alexandra Brown and Rochelle Guttmann
Population ageing is a global trend, which is most evident in advanced economies. This article details the impact of demographic developments on labour supply in advanced economies. The ageing of the workforce has tended to reduce labour supply. This has been mostly offset by increased labour force participation of women and older people. These trends are occurring in Australia, although strong migration has mitigated some of the impact of ageing.