Hi guys,
I really do not know how to approach this kind of guesstimate. I mean i would start saying there are 80 Mio. in total in Germany and about 12 Mio around 18-30 years old. After that I can only say ok from the 18 to 22 years old 25% enter the job market, 23 to 26 35% and so on but that is not really detailed and easy to attack. Can you help me out and give me an idea for an approach. I would be very grateful. Thanks
Thank you so much for your help, Andrea. I fully understand the three points you made here but I do not really get the initial assumption. Yes, more or less all will start working at some point, BUT in different points in time. A certain percentage of 18 years old will start working at this age but others do not. I do not really get how this is connected to estimating the number of people born in Germany. Regarding your result: There are around 80 Mio. people in Germany, life expectancy is 80 years. So we have 1 Mio in every age group does that mean my initial assumption between 18 and 30 would be 12 Mio. people? And then adjust for the points u made below? I would be so grateful if you could break it down for me because this is actually my main problem in this case. But thanks a lot already