scholarly journals Human Capital on the European Labour Market

2017 ◽  
Vol 17(32) (4) ◽  
pp. 143-150
Author(s):  
Marzena Kacprzak ◽  
Agnieszka Król ◽  
Izabela Wielewska
Keyword(s):  
Human Capital ◽  
Young People ◽  
Human Resources ◽  
Labour Market ◽  
Population Aging ◽  
Multicultural Environment ◽  
Market Trends ◽  
A Priority ◽  
Employee Competencies ◽  
Effective Use

Efficient use of human capital and taking care of its quality in the global labour market is becoming a priority. This is primarily due to the need to function in a multicultural environment, growing competition and population aging. This article is an attempt to systematise knowledge about human capital and its use in the labour market. Attention is being drawn to the effective use of capital, including implementation of European strategies, as well as trends and challenges facing key employment issues. In addition, an effort has been made to identify key employee competencies reflecting global labour market trends. The article shows the importance of quality and investment in human resources, which is associated with the use of EU projects and programmes targeted at young people on the labour market.

scholarly journals Demographics, Labour Market, and Pension Sustainability in Hungary

2020 ◽  
Vol 42 (2) ◽  
pp. 146-171
Author(s):  
András Olivér Németh ◽  
Petra Németh ◽  
Péter Vékás
Keyword(s):  
Labour Market ◽  
Pension System ◽  
The Elderly ◽  
Retirement Age ◽  
Baseline Scenario ◽  
Dependency Ratio ◽  
Recent Developments ◽  
Market Trends ◽  
Employment Rates ◽  
Age Dependency Ratio

The sustainability of an unfunded pension system depends highly on demographic and labour market trends, i.e. how fertility, mortality, and employment rates change. In this paper we provide a brief summary of recent developments in these fields in Hungary and draw up a picture of the current situation. Then, we forecast the path of the economic old-age dependency ratio, i.e. the ratio of the elderly and employed populations. We make different alternative assumptions about fertility, mortality, and employment rates. According to our baseline scenario the dependency ratio is expected to rise from 40.6% to 77% by 2050. Such a sharp increase makes policy intervention inevitable. Based on our sensitivity analysis, the only viable remedy is increasing the retirement age.

scholarly journals Remaining active in the labour market: Trends and characteristics of the over 50s

2019 ◽  
Vol 38 (1) ◽  
pp. 16-25
Author(s):  
Thomas Turner
Keyword(s):  
Labour Market ◽  
Older Workers ◽  
Labour Force ◽  
Household Survey ◽  
Age Group ◽  
Level Of Education ◽  
National Household Survey ◽  
Market Trends

AbstractDrawing on the Quarterly National Household Survey (QNHS), this paper examines changes in the proportion of people aged over 50, active in the Irish labour market from 1998 to 2014. Results indicate that an increasing number of workers over 50 remain active, due mainly to the dramatic increase in the proportion of older females remaining in the labour force. By 2014 the 50 to 64 age group accounted for a quarter of all economically active people in the labour market between 15 and 64. Older workers are more likely to be employees and less likely to be employers or self-employed in 2014 compared to 1998. Older workers in lower-level occupations, particularly over the age of 60, are more likely to remain economically active. Level of education is strongly associated with the likelihood of older workers remaining economically active, particularly for the 50-59 age group and for females. .

scholarly journals Recent Labour Market Trends in the Visegrad Group Countries

2011 ◽  
Vol 14 (2) ◽  
pp. 25-40 ◽  
Author(s):  
Eugeniusz Kwiatkowski
Keyword(s):  
Labour Market ◽  
Economic Crisis ◽  
Labour Productivity ◽  
Working Time ◽  
Labour Markets ◽  
Real Wages ◽  
Unemployment Rates ◽  
Global Economic Crisis ◽  
Market Trends ◽  
Visegrad Group

This study analyses labour market trends that appeared in Poland and other Visegrad Group countries during the global economic crisis, i.e. between 2007 and 2009. Special attention is paid to the changes in employment and unemployment rates that occurred in that period. For the sake of comparison, the labour market indicators are contrasted with average rates for the European Union and the euro area. The presented analysis aims to identify the degree to which unemployment rates and indicators of employment changed in the selected countries in response to the global crisis and to explain why the labour markets in the sample countries reacted differently. It also addresses the changing production volumes and labour market flexibility, particularly towards wages, employment and working time. The above analyses show that the labour markets of the Visegrad Group countries changed significantly during the global economic crisis, i.e. between 2007 and 2009; unemployment rates rose, while volumes and rates of employment decreased. In Poland, the two indicators changed their values relatively insignificantly, but in Hungary, Slovakia and the Czech Republic the changes were quite distinct. In the crisis years, Polish employment fell and unemployment increased to a relatively small degree. Although the main reason for this was the quite favourable growth trend in the Polish GDP, cuts in real wage and working time reductions also played a role. The relatively marked decline in the Hungarian employment is maliny attributed to the strong downward trend in the country’s GDP, but the decline would have probably been much more extensive, if not for the reductions in working time, real wages and labour productivity. The large declines in the Slovak and Czech employment appeared because the countries' GDPs grew smaller while real wages grew bigger. Shorter working hours and limitations on labour productivity that the two countries introduced could not reverse the unfavourable employment trends that occurred during economic downturn.

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