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15 <br />"The migration of retired people to attractive retirement <br />areas without regard to economic opportunity there is <br />an example of this counter - effect. " <br />The OBERS "E" series projections will constitute a second set <br />of assumptions about population and economic activity. The "E" series <br />assumptions differ from those of the "C" series in that <br />o Product per manhour will be projected to increase at <br />2. 9 percent per year rather than the 3 percent per year <br />increase assumed in the "C" series projections. This <br />change in assumption is based on (1) the slowing of the <br />rate of productivity growth in recent years, and (2) the <br />weight of recent productivity studies, almost all of which <br />forecast productivity growth of less than 3 percent per <br />yea r. <br />o Hours work per man per year will be projected to <br />decrease by . 35 hours per year, as opposed to a . 25 <br />hour per year decrease assumed in the "C" series <br />projection. This change is caused by a decrease in the <br />number of dependent children and an increase in labor <br />force participation rate, creating concomitant increases <br />in discretionary income and the demand for more leisure <br />time. <br />o The industrial distribution of earnings and employment <br />will be modified by assuming a slower rate of convergence <br />toward equal earnings per worker among industries and <br />by using later benchmark data in the preparation of <br />individual industry projections. <br />The OBERS projections imply no changes in policies related to <br />exports, imports, water pollution control, energy supply and use, or <br />new technologies; however, they do assume that such policy changes as <br />are deemed necessary will be adopted to assure that supplies are <br />available to support projected growth tx'ends. <br />From an energy point of view, the OBERS projections assume <br />that energy demands that accompany the population growth will be <br />satisfied on time and in place as needed. Historic trends indicate that the <br />per capita use of energy is increasing. A continuation of these increases <br />will be included in the baseline assumptions. <br />