Generation mix and GDP growth in OECD countries

This study investigates whether generation diversity in workforce can influence economic growth. Using a panel data of 37 OECD countries over the years 1979–2019, it is found that the effect of generation diversity on economic growth depends on the development level of a country. Essentially, the ge...

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Main Authors: Supanee Harnphattananusorn, Thitima Puttitanun
Format: Article
Language:English
Published: Elsevier 2022-09-01
Series:Heliyon
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2405844022017960
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author Supanee Harnphattananusorn
Thitima Puttitanun
author_facet Supanee Harnphattananusorn
Thitima Puttitanun
author_sort Supanee Harnphattananusorn
collection DOAJ
description This study investigates whether generation diversity in workforce can influence economic growth. Using a panel data of 37 OECD countries over the years 1979–2019, it is found that the effect of generation diversity on economic growth depends on the development level of a country. Essentially, the generation diversity has a positive impact on economic growth in developed countries, but a negative impact on economic growth in developing countries.
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spelling doaj.art-83724bbdf7884c8bbb8e113bd1e3deb72022-12-22T03:49:06ZengElsevierHeliyon2405-84402022-09-0189e10508Generation mix and GDP growth in OECD countriesSupanee Harnphattananusorn0Thitima Puttitanun1Department of Economics, Faculty of Economics, Kasetsart University, 50 Ngam Wong Wan Rd., Lat Yao, Chatuchak, Bangkok, 10900, ThailandCorresponding author.; Department of Economics, Faculty of Economics, Kasetsart University, 50 Ngam Wong Wan Rd., Lat Yao, Chatuchak, Bangkok, 10900, ThailandThis study investigates whether generation diversity in workforce can influence economic growth. Using a panel data of 37 OECD countries over the years 1979–2019, it is found that the effect of generation diversity on economic growth depends on the development level of a country. Essentially, the generation diversity has a positive impact on economic growth in developed countries, but a negative impact on economic growth in developing countries.http://www.sciencedirect.com/science/article/pii/S2405844022017960Generation mixGeneration diversityEconomicGrowthOECD
spellingShingle Supanee Harnphattananusorn
Thitima Puttitanun
Generation mix and GDP growth in OECD countries
Heliyon
Generation mix
Generation diversity
Economic
Growth
OECD
title Generation mix and GDP growth in OECD countries
title_full Generation mix and GDP growth in OECD countries
title_fullStr Generation mix and GDP growth in OECD countries
title_full_unstemmed Generation mix and GDP growth in OECD countries
title_short Generation mix and GDP growth in OECD countries
title_sort generation mix and gdp growth in oecd countries
topic Generation mix
Generation diversity
Economic
Growth
OECD
url http://www.sciencedirect.com/science/article/pii/S2405844022017960
work_keys_str_mv AT supaneeharnphattananusorn generationmixandgdpgrowthinoecdcountries
AT thitimaputtitanun generationmixandgdpgrowthinoecdcountries