Nobody Knows Why Fortysomethings Are Driving U.S. Productivity – Bloomberg

Dartmouth College economist James Feyrer noticed something odd about a decade ago: Across a large set of countries, an economy’s productivity seemed to be connected to the proportion of fortysomethings in its labor force. The higher the ratio of people age 40-49, the faster the economy tended to increase its output per hour of work. To be precise, Feyrer wrote in a 2005 working paper, “a 5 percent increase in the size of this cohort over a ten year period is associated with a 1-2 percent higher productivity growth in each year of the decade.”

Source: Nobody Knows Why Fortysomethings Are Driving U.S. Productivity – Bloomberg

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