OECD countries face a growing elderly population and a shrinking working-age population, while low-income countries have working-age populations that aregrowing faster than jobs can absorb them. Labor mobility offers a solution, connecting potential migrants (who need jobs) to potential employers (who need workers). The Connecting International Labor Markets working group convened around the question of how to make this happen, resulting in a proposal for a new organization: Labor Mobility Partnerships (LaMP).
OECD countries are rapidly aging – their working age populations are shrinking, while their elderly populations are growing. This has significant fiscal and economic implications for these societies, yet thus far there has been no serious policy response. In this blog, Lant Pritchett explores these historically unprecedented and largely ignored trends.