01843cas a2200241 a 4500 AALejournalIMF016940 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498353694 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Euro Area Policies : Selected Issues. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (95 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper discusses the impact of workforce aging on productivity in the euro area. The euro area population has aged considerably over the past few decades, and the process is expected to accelerate in the years ahead. At the same time, labor productivity growth in the euro area has been sluggish, posing risks to long-term growth prospects. It is estimated that workforce aging could significantly retard total factor productivity (TFP) growth over the medium to long term. Given current demographic projections from the Organisation for Economic Co-operation and Development, the aging of the workforce in the euro area could lower TFP growth by about 0.2 percentage points each year between 2014 and 2035. Appropriate policies can, however, mitigate the adverse effects of aging. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/220 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/220/002.2016.issue-220-en.xml IMF e-Library