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Demography of political economy : the baby-boom generation

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  • Belliveau, Stefan
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    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.

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    File URL: http://mpra.ub.uni-muenchen.de/46912/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 46912.

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    Date of creation: 11 May 2013
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    Handle: RePEc:pra:mprapa:46912

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    Related research

    Keywords: Demography; US; 1945-2046; economic growth; neoclassical growth model; population dynamics;

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    1. Alan J. Auerbach & Laurence J. Kotlikoff & Robert Hagemann & Giuseppe Nicoletti, 1989. "The Dynamics of an Aging Population: The Case of Four OECD Countries," NBER Working Papers 2797, National Bureau of Economic Research, Inc.
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