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Long-Term Economic Trends

In addition to its work on the outlook for the federal budget over the next 10 years, CBO also analyzes how specific current policies, such as Social Security and Medicare, affect the outlook for the federal budget over a longer time horizon. That analysis is less concerned with economic developments over the next few years and more concerned with the underlying trends in such economic factors as the labor force, productivity, and the costs of health care.
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Total Factor Productivity Growth in Historical Perspective: Working Paper 2013-01

working paper

March 18, 2013

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Abstract

Robert Shackelton

This paper reviews the broad contours of total factor productivity (TFP) growth in the U.S. economy since 1870, highlighting the contribution of various technological innovations to the growth of different sectors of the economy. The paper also notes the correlation between TFP growth and improvements in general health and well-being as reflected in changes in life expectancy. Finally, the paper discusses the potential for continued growth in TFP in the future.


monthly archive

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Breakfast with Reporters

blog post

June 14, 2012


monthly archive

  • May 2013 (2)
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CBO Testified on the Long-Term Budget Outlook

blog post

June 6, 2012


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related publications


  • The 2012 Long-Term Budget Outlook

    June 05, 2012

  • The 2012 Long-Term Budget Outlook: Infographic

    June 05, 2012
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Testimony on the 2012 Long-Term Budget Outlook

report

June 6, 2012


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related publications


  • The 2012 Long-Term Budget Outlook: Infographic

    June 05, 2012
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The 2012 Long-Term Budget Outlook

report

June 5, 2012

read complete document  (pdf, 1169 kb)

related publications


  • The 2012 Long-Term Budget Outlook

    June 05, 2012
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The 2012 Long-Term Budget Outlook: Infographic

image

June 5, 2012

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monthly archive

  • May 2013 (2)
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  • March 2013 (22)
  • February 2013 (10)
  • January 2013 (11)
  • December 2012 (4)
  • November 2012 (10)
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CBO Releases the 2012 Long-Term Budget Outlook

blog post

June 5, 2012


monthly archive

  • May 2013 (2)
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  • February 2013 (10)
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CBO to Release 2012 Long-Term Budget Outlook Next Week

blog post

May 30, 2012


monthly archive

  • May 2013 (2)
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Alternative Approaches for Reducing Budget Deficits

blog post

March 26, 2012


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Revenues and Spending Under CBO's Extended Baseline Scenario and Two Alternatives Specified by Chairman Ryan

report

March 23, 2012

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