8/14/2013 – How an aging nation affects job numbers (Wall Street Journal)
A recent Goldman Sachs study focused attention on the impact of population aging on labor force participation. The authors had a much more ambitious goal than the simple point that I would like to emphasize. They were trying to determine whether the sharp decline in the labor-force participation rate (the percentage of the working population either employed or looking for work) since the financial crisis and Great Recession was a function of structural factors or weak demand.
Read the full article at The Wall Street Journal.