; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Firm and Worker Dynamics in an Aging Labor Market"; ; "batchuser@example.com"; "Engbom, Niklas"; "Federal Reserve Bank of Minneapolis"; "Employment", "Demographics", "Labor turnover", "Entrpreneurial choice", "Economic growth"; "O40 - Economic Growth and Aggregate Productivity: General", "J11 - Demographic Trends, Macroeconomic Effects, and Forecasts", "E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity"; "I develop an idea flows theory of firm and worker dynamics in order to assess the consequences of population aging. Older people are less likely to attempt entrepreneurship and switch employers because they have found better jobs. Consequently, aging reduces entry and worker mobility through a composition effect. In equilibrium, the lower entry rate implies fewer new, better job opportunities for workers, while the better matched labor market dissuades job creation and entry. Aging accounts for a large share of substantial declines in firm and worker dynamics since the 1980s, primarily due to equilibrium forces. Cross-state evidence supports these predictions."^^; "2019-04-10"; "2019-05-20T18:16:20.513885857+00:00"^^; "https://doi.org/10.21034/wp.756"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Wed Oct 23 17:37:22 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "219"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "756"; "Demographics", "Labor turnover", "Economic growth", "Employment", "Entrpreneurial choice"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; ; "Publication" . ; .