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November 2006

A new look at long-term labor force projections to 2050

Mitra Toossi

Among the factors affecting the size, composition, and growth of the labor force over the next 50 years are the aging of the baby-boom generation, the stabilization of women's labor force participation rates, and increasing racial and ethnic diversity in the workforce. The 2005-50 period is projected to witness the massive exit of the baby-boom generation out of the labor force, bringing to an end one of the major drivers of labor force growth over the post-World War II period.

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