Ageing workforce depresses wage inflation – BIS paper

Demographic change could be behind weakness of inflation despite record-low unemployment

asia-old-man
People are working for longer, adding to labour supply

An ageing workforce could be contributing to the stubbornly low levels of inflation in many advanced economies, despite record-low unemployment rates, research published by the Bank for International Settlements finds.

Although the ageing of the population as a whole has been well documented, the increased participation of older workers has been less noticed, write authors Benoit Mojon and Xavier Ragot in their working paper.

On the one hand, older workers tend to be paid more, but on the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.