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statistics show that in recent years, Vietnam's demographics have been changing remarkably with an increase in the labor force as … utilized this opportunity: The change in demographics has contributed up to 15% of economic growth during the last five years …
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According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model that replicates the empirically observed pattern and...
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