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This paper examines the impact of workforce demographics on aggregate productivity. The age structure of the workforce is found to have a significant impact on aggregate productivity. A large cohort of workers aged 40 to 49 is found to have a large positive impact on productivity. Out of sample...
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"This paper analyzes fiscal adjustment by reviewing the cross-country experience of the Organization for Economic Cooperation and Development (OECD) or mature economies, and the emerging market economies during 1970-2002. We find that initial conditions, composition, and timing of adjustment...
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