Miscellaneous Knowledge Notes

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Does Elderly Employment Reduce Job Opportunities for Youth?

(World Bank, Malaysia, 2021-08-09) Jasmin, Alyssa Farha ; Abdur Rahman, Amanina

The aging of populations around the world and the associated fall in the working age population are expected to adversely affect countries’ GDP growth in coming decades. These demographic shifts will also place fiscal pressure on governments, given the need either to finance pension systems or to support the most vulnerable in retirement. Extending working lives is imperative but often politically challenging, due to the widespread belief that extending employment for older workers will limit employment opportunities for youth. Global empirical evidence summarized in this brief, as well as original analysis, does not support this belief, and in fact suggests that elderly employment has positive effects on youth employment, on the well-being of older workers, and on economies and societies. There is much to gain in creating a supportive regulatory environment to harness the economic potential of older workers by eliminating age-biased hiring practices, allowing for flexible working conditions, and providing equal opportunities for upskilling and reskilling.
Impacts of COVID-19 on Firms in Malaysia: Results from the 3rd Round of COVID-19 Business Pulse Survey

(World Bank, Washington, DC, 2021-07) Kuriakose, Smita ; Tran, Trang ; Ting, Kok Onn ; Hebous, Sarah

The COVID-19 Business Pulse Survey (BPS) is a rapid survey designed to measure the various channels of impact of COVID-19 on firms, firm adjustment strategies, and public policy responses. The World Bank, in collaboration with a private survey company, conducted the 3rd round of survey in July 2021, following the 1st round in October 2020 and 2nd round of the Malaysia BPS in Mid-January to February 2021. Firms were sampled randomly from an online business panel database, which consists of 100,000+ companies in all sectors and sizes, across Peninsular and East Malaysia. A minimum sample size was obtained for sectors that are important to Malaysia’s economy and are sensitive to the COVID-19 crisis (export-oriented activities: electronics, automotive, tourism related activities) while preserving the sectoral shares in the sampling frame. The survey was conducted online and yielded 1,500 responses from respondents in senior management positions at their company (i.e. owners, C-suite or Director level).
Impacts of COVID-19 on Firms in Malaysia: Results from the 1st Round of COVID-19 Business Pulse Survey

(World Bank, Washington, DC, 2020-12) Kuriakose, Smita ; Tran, Trang

The COVID-19 Business Pulse Survey (BPS) is a rapid survey designed to measure the various channels of impact of COVID-19 on firms, firm adjustment strategies, and public policy responses. The World Bank, in collaboration with a private survey company, conducted the 1st round of the Malaysia BPS in October 2020. Firms were sampled randomly from an online business panel database, which consists of 100,000 plus companies in all sectors and sizes, across Peninsular and East Malaysia. A minimum sample size was obtained for sectors that are important to Malaysia’s economy and are sensitive to the COVID-19 crisis (export oriented activities: electronics, automotive, tourism related activities) while preserving the sectoral shares in the sampling frame. The survey was conducted online and yielded 1,500 responses from respondents in senior management positions at their company (i.e. owners, C-suite or Director level).