In the News
Retirement boom creates economic headache
Graham Watson
5th February 2023
The impact of more people opting for economic inactivity has implications for the economy as a whole as well as firms in specific locations. In this case, this Guardian piece looks at the area around Kidderminster, and notes there's been a sizeable leap in the number of people who have taken early retirement, and at the same time local firms are struggling to recruit workers.
- Economics
- Blog
- In the News
- Economic Inactivity
- Labour market failure
- Aggregate supply
- Long-run Aggregate Supply Curve (LRAS)
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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