US demographic change will have broad economic effects
Higher life expectancy and lower fertility rates are driving population ageing and slowing the growth of the workforce
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In this article
- Demographic transition
- Slowdown in workforce growth
- Population ageing
- Economic importance of the transition
- Sensitivity of the job market to ageing
- Empirical evidence for participation trends
- Broader consequences
- Living standards
- Public finances
- Interest rates and asset prices
- External balances
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