Loss of workers to retirement, slowing productivity of all age groups, could cut U.S. growth

The retirement of baby boomers in the decade between 2010 and 2020 will lower GDP growth per capita by 1.2 percentage point a year, a new study says.

By Jeanna Smialek | July 31, 2016 at 02:56 AM

(Bloomberg) -- Population aging is expected to drag on U.S. growth, and the hit could be substantial.

The retirement of baby boomers in the decade between 2010 and 2020 will lower GDP growth per capita by 1.2 percentage point a year from what would have been the case if the nation's demographics had held steady, according to a National Bureau of Economic Research study out this week.

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Loss of workers to retirement, slowing productivity of all age groups, could cut U.S. growth

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Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

1 Alternative Health Plan Designs: Key to Keeping Employers in the Market?

2 If the Supreme Court kills 'free' ACA preventive care rules, what then?

3 Even 'good' employers face rising risk of lawsuits over health plan costs

4 Trump’s new trade tariffs may hit over 400 Canadian-made drugs, cause shortages

5 5 top states where people have arthritis

35% of workers wish for a separate work identity, study finds

BlackRock CEO calls for more private assets in 401(k) plans, in letter to investors

U.S. full-time workers putting in fewer hours, Gallup finds

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Loss of workers to retirement, slowing productivity of all age groups, could cut U.S. growth

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1 Alternative Health Plan Designs: Key to Keeping Employers in the Market?

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