Anu Madgavkar

2 months ago | mckinsey.com | Anu Madgavkar |Olivia White

As the new administration shifts into high gear, policymakers may find themselves dealing with tight labor markets—a long-term structural trend in many advanced economies. McKinsey estimates that GDP in 2023 could have been 0.5 to 1.5 percent higher across these economies if employers had been able to fill their excess job vacancies.

Feb 26, 2025 | mckinsey.com | Anu Madgavkar |Kweilin Ellingrud |Sven Smit |Chris Bradley

Diverging work experience patterns drive a “work-experience pay gap” that makes up nearly 80 percent of the total gender pay gap, equal to 27 cents on the dollar among US professional workers. Women tend to build less human capital through work experience than men who start in the same occupations, as seen in the tens of thousands of career trajectories we analyze. Over a 30-year career, the gender pay gap averages out to approximately half a million dollars in lost earnings per woman.

Jan 24, 2025 | mckinsey.com | Anu Madgavkar |Gautam Kumra

The combination of falling birth rates and increased longevity has big implications for traditional retirement systems, which rely mainly on taxes levied on younger generations to fund transfers to seniors. Without rapid action to counteract the impact of demographic shifts, this established social contract will fray in unprecedented ways—even as economic growth flags.

Jan 15, 2025 | shorturl.at | Anu Madgavkar |Marc Canal |Chris Bradley |Olivia White

Exploring the implications of a new demographic reality brought on by falling fertility and increasing longevity. Falling fertility rates are propelling major economies toward population collapse in this century. Two-thirds of humanity lives in countries with fertility below the replacement rate of 2.1 children per family. By 2100, populations in some major economies will fall by 20 to 50 percent, based on UN projections.

Jan 15, 2025 | mckinsey.com | Anu Madgavkar |Marc Canal |Chris Bradley |Olivia White

Exploring the implications of a new demographic reality brought on by falling fertility and increasing longevity. Falling fertility rates are propelling major economies toward population collapse in this century. Two-thirds of humanity lives in countries with fertility below the replacement rate of 2.1 children per family. By 2100, populations in some major economies will fall by 20 to 50 percent, based on UN projections.