An ageing population, a low birth-rate and a national preference for part-time work. Germany’s labor market is shrinking fast. In the next five years, the country’s working age population is expected to decline more than any other G7 economy – putting strain on both the pension system and employers’ ability to fill positions. The government is under pressure to take action – and so far, there are a number of options on the table. DW Business spoke to Professor Ulrike Malmendier, one of the five members of Germany’s Council of Economic experts, about what can be done.
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