The economic consequences

1. Labor.
   1. Worker shortages.
   2. Wage effects.
   3. Labor-force participation.
   4. Retirement ages.
   5. Automation and substitution for labor.
2. Growth and productivity.
   1. Population growth and GDP.
   2. Per-capita growth.
   3. Entrepreneurship.
   4. Innovation.
   5. Capital deepening.
3. Consumption and investment.
   1. Housing.
   2. Consumer markets.
   3. Savings behavior.
   4. Asset prices.
   5. Regional economic divergence.