Shifts in the age distribution move the overall U.S. unemployment rate in the direction predicted by a mechanical 'shift-share' model.
Notes on verification
Multiple independent institutional publications (Boston Fed, Cleveland Fed, SSRN) of the same Fallick and Foote research paper consistently confirm this finding verbatim.
Sources
- The Impact of the Age Distribution on Unemployment (hks.harvard.edu)
- https://www.clevelandfed.org/publications/working-paper/2022/wp-2227-the-impact-of-the-age-distribution-on-unemployment (clevelandfed.org)
- https://www.bostonfed.org/publications/research-department-working-paper/2022/the-impact-of-the-age-distribution-on-unemployment-evidence-from-us-states.aspx (bostonfed.org)
- https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4251580 (papers.ssrn.com)