The proportion of youths in the labor force has fallen dramatically over the past 15 years, following the collapse in the fertility rate in the 1970s ("the baby bust"). Given that youths always have higher unemployment rates than adults, this shift in the composition of the labor force towards...

The proportion of youths in the labor force has fallen dramatically in the past 15 years, following the collapse in the birth rate in the 1970s (the 'baby bust'). Youths always have higher unemployment rates than adults, so this change in the composition of the labor force may have contributed...