Participation rates—good news, bad news or neutral news?

Part of being a market-oriented economist—and is there really any other kind?—is learning not to have the same reaction to economic news that everybody else does.For instance, this week StatCan published a short study on “The impact of aging on labour market participation rates.” (In the usual StatCan way, you have to click about six times—six clicks of separation, that would be—from the page announcing the study before you actually reach the it. Don’t click on the first button you see saying “pdf.” That’s just the product announcement in pdf, in case you like to store product announcements.)  What StatCan

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