How Slower Growth in the Labor Force Could Affect the Return on Capital
http://www.cbo.gov/ftpdocs/106xx/doc10632/10-06-LaborForce.pdf
Anticipates slower growth in the future labor market because of declining fertility, the leveling off of female participation in the labor force, and the aging/retirement of large numbers of baby boomers. This background paper focuses on what could happen in one area: the rate of return paid on assets such as stocks and bonds. From the Congressional Budget Office.
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