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Population Aging and the Structure of Wages (PDF)
Center for Retirement Research [CRR] at Boston College 
Aug. 24, 2005
21 pages. "The United States ... is on the cusp of a radical transformation of its labor markets. As many have documented ..., the growth rate of the working age population has already dropped substantially, and as the Baby Boomers start to enter normal retirement ages the elderly dependency ratio ... will increase dramatically. As a consequence, labor supply is likely to grow at a slower rate than labor demand, putting upward pressure on wages and creating tight labor market ... "
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