Then the second effect kicks in: The boomers start to retire.

接着，第二个影响开始：婴儿潮出生的人开始退休。

youdao

The second effect was “range reduction”: In mathematical terms, correct answers became clustered at the group's edges.

第二个因素是“范围缩小“：用数学术语讲，正确的答案集中在群的边缘。

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This second effect seems to have been greater during the recession, and in fact the correlation is strongest during its worst period, 2008-09.

在衰退中，上述第二种效应似乎表现得更为明显，实际上，在衰退最为严重的2008 - 2009年，这种关联最为紧密。

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The second part is about the emotional effect of Picasso's paintings.

VOA: special.2010.03.24

"The second effect is the turbulence of the atmosphere makes things fainter, " Tholen said.

CNN: Phew! Asteroid to miss Earth in 2040, NASA says

The second effect relates to deals where Lehman was a counterparty, ie, a buyer or seller of a swaps contract.

ECONOMIST: The fallout from the bankruptcy of Lehman Brothers

But Erbitux has a second effect as well, one that may bode well for its long-term sales prospects if it pans out.

FORBES: Bristol, ImClone File On Erbitux