As the workforce ages,

Question

Quizplus · Accepted Answer

As the workforce ages, the natural rate of unemployment may decline because older workers tend to have a lower unemployment rate than younger workers. This is because older workers have more experience and may be less likely to quit their jobs or be fired. However, this does not necessarily affect cyclical or structural unemployment, which are driven by broader economic factors and labor market dynamics. Frictional unemployment may also increase slightly as older workers retire and new workers enter the labor market.

As the Workforce Ages