![U.S. flag](https://www.dol.gov/themes/opa_theme/img/flag-favicon-57.png)
An official website of the United States government
In recent years, governments and firms have increasingly turned to early-out schemes to soak up excess labor supply; the projected aging of western populations threatens the viability of such schemes, which have the unfortunate side effect of masking macroeconomic failings.
Download PDF »