The aging of the population typically results in a lower labor force participation rate as well as higher taxes for younger workers.

Question

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As the population ages, there are fewer people in the workforce and more people relying on government services such as healthcare and social security. This can lead to higher taxes for younger workers in order to support these programs. Additionally, older workers may retire earlier, further reducing the labor force participation rate.

The Aging of the Population Typically Results in a Lower