Labor Supply in the New Century Labor Supply in the New Century

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June 2007

The American labor force will be transformed as the 21st century unfolds. While the retirement of baby boomers will exert a downward pull on labor force participation, future labor supply will depend on many factors. Will baby boomers work longer than their parents did? How will the rising educational attainment of the young affect their lifetime labor supply? How will shifts in labor demand and supply affect relative wages? And what types of personnel policies are firms likely to pursue in response to these changes? This conference will map out what we know-and explore what we don't-about the U.S. labor force of the future.

Contents

Entire book (396 pp., 880K)

1. Introduction

U.S. Labor Supply in the Twenty-First Century Katherine Bradbury, Christopher L. Foote, and Robert K. Triest

2. The Outlook for Labor Supply in the United States

The Effect of Population Aging on Aggregate Labor Supply in the United States Bruce Fallick and Jonathan Pingle, with discussion by Chinhui Juhn and Lisa M. Lynch

3. The Labor Supply of Older Americans

The Labor Supply of Older American Men Alicia H. Munnell and Steven A. Sass, with discussion by Robert Hutchens and Joyce Manchester

4. How Structural Shifts in Labor Demand Affect Labor Supply Prospects

Structural Demand Shifts and Potential Labor Supply Responses in the New Century David H. Autor, with discussion by Jared Bernstein and Gary Burtless

5. The Cyclical Sensitivity of Labor Supply

Cyclical Movements along the Labor Supply Function Robert E. Hall, with discussion by Katharin G. Abraham and Susanto Basu

6. Labor Supply and Labor Demand in the Long Run

U.S. Labor Supply and Demand in the Long Run Dale W. Jorgenson, Richard J. Goettle, Mun S. Ho, Daniel T. Slesnick, and Peter J. Wilcoxen, with discussion by Richard Berner and Erik Brynjolfsson

7. Current and Future Challenges for Policy and Research

Public Policy and the Labor Supply of Older Americans Stanford G. Ross

The Seven Deadly Sins in Aging Policy and Research: A Cautionary List for Policy Makers and Prognosticators C. Eugene Steuerle