What do past demographic trends tell us about the future consequence of an ageing population? Cross country and US data suggests that because of a shift towards labour saving technology, the economic consequences may be less than feared. See here for coverage in FT, WSJ, Economist, Daily Telegraph and Bloomberg: FT: https://www.ft.com/content/1b934ad7-7ea8-477a-8baf-fcb82bb643ca Wall Street Journal: https://www.wsj.com/economy/jobs/the-next-labor-crisis-may-be-too-few-workers-could-ai-help-pick-up-the-slack-c4618711 …

NBER: Baby Busts and Growth Booms: Demographic Change and the Macroeconomy Read More »