While unemployment rate as well as other standard indicators of economic activity focus on specific stages of person's life cycle, duration of working life indicator (DWL) or, in other words, working life expectancy, captures the entire life cycle of active and employed population.
While unemployment rate as well as other standard indicators of economic activity focus on specific stages of person's life cycle, duration of working life indicator (DWL) or, in other words, working life expectancy, captures the entire life cycle of active and employed population.