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by nandemo
5023 days ago
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The technical term for the baby boom thing is demographic window. http://en.wikipedia.org/wiki/Demographic_window E.g., Brazil is in the demographic window now, and labour participation has recently peaked. Most Western European countries are past that window, as is the US. If they have an uptick in labour participation, I'd guess it's due to immigration. Another factor is simply the country's economic development stage. In poor countries, lots of people are working on subsistence or otherwise low-tech agriculture so they cannot retire early. Not clear why you think 76% for female labour participation is infeasible. They have to work. Some speculation: as for men's rate decline, I'd guess it's mostly due to women's rate being on the rise (in the long run)? Men have to work less if their wives are working. And in the US, you'd probably want to look at the incarceration rates too. |
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How is this coherent? If they have to work then why isn't the rate 100%? If you agree that 24% are not working, then you admit that there might be forces at work that could keep 20% or 30% or 40% or 50% from not working. The sentence "They have to work" could only be justified if the participation rate was 100%