The impact of demographic change on U.S. labor markets

The implications for U.S. labor markets of three projected demographic developments are discussed: population aging, the slow growth of the workforce and increased immigration. In so doing, the outlook for aggregate U.S. welfare, labor quality and productivity growth are emphasized. An examination i...

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Bibliographic Details
Published in:New England economic review 2002-01, p.47
Main Authors: Little, Jane Sneddon, Triest, Robert K
Format: Article
Language:English
Subjects:
Age
Aging
Censuses
Decades
Demographics
Demography
Educational attainment
Immigrants
Immigration policy
Impact analysis
Labor force
Labor market
Legislation
Noncitizens
Population growth
Productivity
Social conditions & trends
Studies
Trends
World War II
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Summary:The implications for U.S. labor markets of three projected demographic developments are discussed: population aging, the slow growth of the workforce and increased immigration. In so doing, the outlook for aggregate U.S. welfare, labor quality and productivity growth are emphasized. An examination is made of the economic adjustments that might be triggered by these demographic trends, and some policy implications are explored, specifically regarding social insurance programs and immigration. Measures to extend the normal work life as lifetimes lengthen also warrant consideration. The findings suggest that, with the help of such measures, the U.S. economy will likely accommodate the real demands posed by these demographic changes without serious strain.
ISSN:0028-4726
2163-5986