The aging of the labor force in the United States is likely to ________ the natural rate of unemployment; an increase in the efficiency of the labor market is likely to ________ the natural rate of unemployment.

Question

Quizplus · Accepted Answer

Older workers are less likely to be unemployed than are younger workers, and more efficient labor markets are better at matching workers to jobs. Both of these tend to reduce the natural rate of unemployment.

The Aging of the Labor Force in the United States