Where are all the workers? The baby boomerspeople born between 1946 and 1964are retiring and the percentage

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Where are all the workers?

The baby boomers—people born between 1946 and 1964—are retiring and the percentage of adult Americans working or actively looking for a job is at its lowest level in nearly forty years.

How would you expect the change in the labor force described in the news clip to affect potential GDP and the natural unemployment rate?

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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