U.S. Labor supply and demand in the long run
AbstractIn this paper we model U.S. labor supply and demand over the next 25 years. Despite the anticipated aging of the population, moderate population growth will provide growing supplies of labor well into the 21st century. Improvements in labor quality due to greater education and experience will also continue for some time, but will eventually disappear. Productivity growth for the U.S. economy will be below long-term historical averages, but labor-using technical change will be a stimulus to the growth of labor demand. Year-to-year changes in economic activity will be primarily the consequence of capital accumulation. However, the driving forces of economic growth over the long term will be demography and technology.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Policy Modeling.
Volume (Year): 30 (2008)
Issue (Month): 4 ()
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Web page: http://www.elsevier.com/locate/inca/505735
Other versions of this item:
- Dale W. Jorgenson & Richard J. Goettle & Mun S. Ho & Daniel T. Slesnick & Peter J. Wilcoxen, 2007. "U. S. labor supply and demand in the long run," Monograph, Federal Reserve Bank of Boston, number 52.
- Dale W. Jorgenson & Richard J. Goettle & Mun S. Ho & Daniel T. Slesnick & Peter J. Wilcoxen, 2007. "U. S. labor supply and demand in the long run," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 52.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dale W. Jorgenson & Mun S. Ho & Kevin J. Stiroh, 2005. "Productivity, Volume 3: Information Technology and the American Growth Resurgence," MIT Press Books, The MIT Press, edition 1, volume 3, number 0262101114, December.
- Dale W. Jorgenson, 1998. "Growth, Volume 2: Energy, the Environment, and Economic Growth," MIT Press Books, The MIT Press, edition 1, volume 2, number 0262100746, December.
- Dale Jorgenson & Mun Ho & Jon Samuels & Kevin Stiroh, 2007. "Industry Origins of the American Productivity Resurgence," Economic Systems Research, Taylor & Francis Journals, vol. 19(3), pages 229-252.
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