RAND researchers find lower labor productivity from an aging U.S. workforce

an In The Media Appearance

"New research suggests an aging workforce is holding back economic growth" - VOX. 09/22/2016

Nicole Maestas, Kathleen Mullen, and David Powell used predicted variation in the rate of population aging across U.S. states from 1980 to 2010 to estimate the economic impact of aging on state output per capita. They found that a 10% increase in the fraction of the population aged 60+ decreased the growth rate of GDP per capita by 5.5%. For the entire U.S., they predict annual GDP growth will slow by 1.2 percentage points this decade and 0.6 percentage points next decade due to population aging.


Nicole Maestas

Kathleen J. Mullen

David Powell

Related Resources

Related paper