Wilensky, Harold L. - Institute for Research on Labor and Employment (IRLE), … - 1991
Data on 18 rich democracies 1968-87 show that job creation is mainly a product of demographic changes (age structure … of female labor-force participation) -- clues to an increased supply of young and/or cheap labor. Job creation is … earnings growth and slower long-run productivity gains. If job creation is little affected by demand policies, the appropriate …