As a consequence of the demographic change, the workforce is aging and shrinking at the same time. Based on the resource-based view of the firm, we discuss implications for innovation and human resource management in SMEs. A review of the literature and empirical studies show that a shortage of...

The demographic change influences the composition of the labor force in terms of a decreasing number of the workforce, its age structure, the quantitative relationship between men and women such as the proportion between people with migration background and native citizens. The new diversity of...