Effect of digitalization on unemployment among the elderly population in EAEU countries

Abstract

Objective: to identify current trends in the labor market under digitalization and the growing risks and global instability in the world and national markets in the EAEU countries.Methods: panel data analysis models, graphical method, least squares method, generalized feasible least squares method.Results: the data of the EAEU countries from 2016 to 2020 show the synchronization of unemployment indicators; a slight increase in the share of unemployed aged 55 and older in all countries except Russia; a decrease in value added produced within the “Information and Communication” type of activity, with the exception of Kazakhstan; during the pandemic, a decrease in the integral indicator of unemployment and the number of unemployed aged 55 and older was found under the influence of the gross value added within the “Information and Communication” type of activity, as well as a decrease in unemployment among elder citizens under the influence of the share of the population using the Internet.Scientific novelty: the current trends of unemployment are reflected, under digitalization and the growing risks and global instability in the world and national markets in the EAEU countries.Practical significance: the main conclusions of the article can be an argument in favor of the competitive advantages of the older population in the labor market under digitalization and uncertainty of economy.

Keywords

• economic theory
• unemployment among elder citizens
• digitalization
• eaeu countries
• panel data models