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Untapped Economically Active Labor Force to Promote Economic Growth and Productivity

Malaysia had reached an important benchmark in the country’s progress by becoming an ‘ageing society’ in 2020. The percentage of the young age group 14 years and below decreased to 23.3%, while the old population aged 65 and above increased to 7.0% of the total population in 2020. Demographic shifts expected to enlarge the gap between the young aged population and the old aged population as the former group is projected to decline by 18.6% and the latter is expected to increase by 14.5% in 2040. These demographic shifts raise concerns about the sustainability of the labor market in maintaining productivity and growth.

Aging population is directly related to older workers (55-64 years old). The economic contribution of Malaysia’s older workers is an important issue to be studied, as the size of older workers increases from 5.8% in 2000 to 8.7% in 2020. The rapid age change means Malaysia needs to take a long-term view of demographic changes and the impact of older workers in terms of growth and productivity. There is a lack of official long-term forecasting, planning, and assessment related to changing workforce demographics and an ageing workforce.

The main objective of this project is to measure the economic impact of economically untapped productive talent and to propose key strategic actions to promote productivity of the economically untapped talent.

For details, please contact our economist:

Nur Azreen Mokhyi

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Selected Projects

New Wage Model for Building Sustainable Business and Workforce

Penyediaan Kajian Pelan Tindakan Khusus
Sembilan 2021-2025 (RPNS 2021-2025)

Study on Measures and Strategies to Increase Labor Compensation

A study to develop an economy-wide model for refinement of medium-term labor market forecasting and evidence-based policy formulation

Jadual Input-Output Negeri & Rancangan Pembangunan Negeri Sembilan (RPNS)

Impacts and Consequences of Unemployment Insurance

State Productivity Assessment

Effects of Labor Market Conditions on Shadow Economy in Malaysia

Untapped Economically Active Labor Force to Promote Economic Growth and Productivity

The Need for Escaping the Wage Curse

Meniti Titian Hidup: Memahami Impak Badai Inflasi

Job Market Monitor: Climbing the Job Ladder among Graduates

Development of Leading Indicators of Unemployment Rates