Policy seminar: Declining labor productivity growth - Evidence from Germany

Time: 13.00-14.00 hours
Location: CPB-office, Van Stolkweg 14, The Hague

Presentation: Bodo Aretz (German Council of Economic Experts)

Discussant: TBA

Language: English

Registration:  Please register here

Abstract subject:
Given the demographic changes ahead, labor productivity is a key factor for maintaining the well-being of the economy. Labor productivity growth has however been declining in Germany in recent years. In our yearly report, the German Council of Economic Experts sheds light on this development. The decline can partly be explained by the large inflows of below-average productive workers that entered the labor market after 2005 due to substantial labor market reforms. We also find evidence that the end of the outsourcing process in the manufacturing industry has contributed to a slowing productivity growth. Future potential to rise labor productivity is especially seen by reducing competition barriers in the service industry. The advancing digital change offers great chances in this respect as well. The innovation capability might in the future however be undermined by the demographic changes giving education and advanced training a key function to foster innovation and productivity.

Policy seminars
CPB organises policy seminars for policy makers, researchers and other stakeholders. These policy seminars focus on policy implications. Policy seminars are held on Thursday from 1.00 pm. to 2.00 pm.

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