POPULATION CHANGES AND THEIR EFFECTS.

POPULATION; DEMOGRAPHIC change; LABOR productivity; OCCUPATIONAL mobility; SOCIAL security; LABOR mobility; INDUSTRIAL productivity; INDUSTRIAL efficiency; LABOR supply; OLD age; AGE distribution; ECONOMICS

The article discusses some of the economic consequences of the anticipated changes in size and age composition of the population between the years 1940 and 1980, with particular focus given to their effect upon the efficiency and mobility of labor, unemployment, and the social security program in the U.S. In 1942 it was inferred that by 1980 the population of the U.S. would decrease. From surveys and studies performed and reviewed by the author, it can be concluded that the changes in age distribution will not affect productive efficiency. Nor will it have an effect on old age insurance. The author points out that the labor force may become less mobile, however, as the average age rises.