Demography of political economy : the baby-boom generation.

Belliveau, Stefan (2013): Demography of political economy : the baby-boom generation.

Abstract

This working paper attributes a (potential) path of per-capita US output to demographic effects of the post-war baby boom. To the extent that the baby-boom generation predominates among age cohorts in the US population, a life-cycle model suggests a secular trend in per-capita GDP that is largely congruent with realized (and realizing) potential economic growth.

• Item Type: MPRA Paper
• Language: English
• Keywords: Demography, US, 1945-2046; economic growth; neoclassical growth model;population dynamics
• Subjects: J - Labor and Demographic Economics > J1 - Demographic Economics > J11 - Demographic Trends, Macroeconomic Effects, and Forecasts; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models

References

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Yoo, Peter S. 1994. "Boom or Bust? The Economic Effects of the Baby Boom." Federal Reserve Bank of St. Louis Review 76 (September/October): 13-22.