A very interesting article on Labour productivity vs demographics comparing Japan, USA and
Euro area (
via Bernardo L Queiroz). It is based on a study by Nathan Sheets and Robert Sockin (I wish I had access to it!)
The NYT has also published a few words on this topic suggesting that "demographics are an important reason that the American economy has slowed but only one part of a much bigger story".
[Click on the image to enlarge it]
(Image Credit: FT Alphaville)
