Recognizing that future labor supply is an important determinant of future GDP, tax revenues, and other variables central to the projections of the Social Security Trustees, the Social Security Advisory Board commissioned a panel of labor economists to review the projections of labor force participation rates by the Office of the Chief Actuary, and make recommendation to improve them. The Panel delivered its final report to the Board, June 30th. The Office of the Chief Actuary also released a document describing its perspective on the findings of the Technical Panel. Both documents are available here along with other material related to the proceedings of the Panel.
Technical Panel on labor force participation delivers its final report to the Board
June 30, 2017