The Impact of Youth Population on Labor Market Dynamics and Economic Growth in Saudi Arabia: An Economic Demography Perspective
DOI:
https://doi.org/10.54536/ajds.v3i2.4264Keywords:
Economic Growth, Educational Attainment, Labour Market Dynamics, Population Dependency Ratio, Saudi Arabia, Youth PopulationAbstract
The effect of growth in the youth population, education level, and population dependency on the labour market and economic growth has been discussed in this research. The study seeks to analyse the complex interaction between population growth of the youths, education, employment and economic growth in Saudi Arabia. A quantitative method and statistical analysis were used to analyse the results of the survey of 400 respondents. The study reveals that there exists a positive relationship between youth population growth and labour market conditions and economic growth. The respondents also achieved academic success that is also associated with labor market conditions and the economic environment, and such factors as the population dependency ratio are also linked to economic growth. The study indicated that focusing on the reduction of youth unemployment and dependency can help Saudi Arabia launch the process of economic development for sustainable growth.
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