No Time to Be Young: The Economic Prospects for Large Cohorts in the United States
AbstractThis paper concentrates on the economic experiences of the baby-boom cohorts. We first document their early career experience and demonstrate that indeed this was no time to be young. We then offer reasons why cohort size may be important and note which people, within a cohort, are most likely to be adversely affected. We estimate the magnitude of cohort size effects on earnings potential throughout the work career.
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Bibliographic InfoPaper provided by EconWPA in its series Labor and Demography with number 0403005.
Length: 13 pages
Date of creation: 03 Mar 2004
Date of revision:
Note: Type of Document - pdf; pages: 13. Population and Development Review, Volume 7, Number 1, March 1981, pp. 71-84
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- J - Labor and Demographic Economics
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- David E. Bloom & Richard B. Freeman, 1989. "The "Youth Problem": Age or Generational Crowding?," NBER Working Papers 1829, National Bureau of Economic Research, Inc.
- Tim Slack & Leif Jensen, 2008. "Birth and Fortune Revisited: A Cohort Analysis of Underemployment, 1974–2004," Population Research and Policy Review, Springer, vol. 27(6), pages 729-749, December.
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