Falling birth rates did not reduce total output in historical data, NBER study finds

Lower birth rates were associated with faster growth in output per working-age adult and wages over the past seven decades, according to new research. The authors found no statistically significant decline in total output, suggesting that investment and labor-saving technology may have offset part of the effect of a smaller workforce. The post Falling birth rates did not reduce total output in historical data, NBER study finds appeared first on Market Business News .