The demographic explanation for the changes in the U.S. natural rate of unemployment over the past 50 years rests on the idea that:
A)younger workers have higher rates of unemployment.
B)younger workers have lower rates of unemployment.
C)baby-boom workers were more productive than other workers because they had greater access to technology.
D)baby-boom workers had higher than usual rates of job finding.

Question

Quizplus · Accepted Answer

The demographic explanation for the changes in the U.S. natural rate of unemployment over the past 50 years is that younger workers have higher rates of unemployment. This is due to several factors including a lack of experience, lower skills, and higher levels of job turnover. As baby boomers age and retire, there are fewer young workers entering the labor market to replace them, which contributes to a lower natural rate of unemployment over time.

The Demographic Explanation for the Changes in the U