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Andrea Hammermann / Roschan Monsef IW-Trends No. 3 19. July 2023 The Ecological and Digital Transformations: Personal Finances Influence how these Twin Change Processes are Perceived

The participation of the labour force is a key element in both the ecological and digital transformations, since without their effort and know-how, these parallel processes cannot be successfully completed.

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Personal Finances Influence how these Twin Change Processes are Perceived
Andrea Hammermann / Roschan Monsef IW-Trends No. 3 19. July 2023

The Ecological and Digital Transformations: Personal Finances Influence how these Twin Change Processes are Perceived

German Economic Institute (IW) German Economic Institute (IW)

The participation of the labour force is a key element in both the ecological and digital transformations, since without their effort and know-how, these parallel processes cannot be successfully completed.

While change arouses fears and anxieties that could delay or even prevent the necessary adjustments, the fear of negative consequences might conceivably accelerate or facilitate a transformation. If the labour market is to be set on the right course, it is important to identify and address employees’ concerns at an early stage. Based on the Socio-Economic Panel, the present analysis examines relative levels of anxiety among the workforce concerning the consequences of climate change and technological progress. In addition to age, gender and occupational status, education and income levels play an important role in how the transformation processes are perceived and judged. Some nine out of ten middle class employees express concerns about the effects of climate change. Almost every third respondent is afraid they will not be able to keep abreast of technological progress. For those without a vocational qualification and those at risk of poverty the fear of being left behind by technological developments predominates, whereas graduates and upper-middle-class earners worry more about the consequences of climate change. The longitudinal analysis also shows that a sharp drop in household net equivalent income effectively represses climate change concerns.

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Personal Finances Influence how these Twin Change Processes are Perceived
Andrea Hammermann / Roschan Monsef IW-Trends No. 3 19. July 2023

The Ecological and Digital Transformations: Personal Finances Influence how these Twin Change Processes are Perceived

German Economic Institute (IW) German Economic Institute (IW)

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Determinants of personnel planning in Germany
Michael Grömling / Stefanie Seele IW-Report No. 27 21. May 2024

Determinants of personnel planning in Germany

The German labor market has been growing since 2005. The dip in the wake of the coronavirus pandemic between 2020 and 2022 is an exception, as the German labor market has reached a record level of 45.9 million people in employment by 2023.

IW

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Carolin Fulda / Oliver Stettes IW-Report No. 25 10. May 2024

What factors influence the career ambitions of people with disabilities?

Many companies in Germany report having difficulties not only in recruiting employees, but also in filling vacant management positions.

IW

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