Labor supply prospects in 16 developed countries, 2000-2050
Over the past 20 years, policy attention has been focused upon the implications of below-replacement fertility for the aging of populations. This article argues that another potential consequence, a decline in the absolute size of the labor force, may prove to be an equally compelling issue because of its impact on rates of economic growth. Because the United States will experience both increasing labor productivity and an increase in its labor supply, the growth orientation of the global...[Show more]
|Collections||ANU Research Publications|
|Source:||Population and Development Review|
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