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Demography of political economy : the baby-boom generation

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  • Belliveau, Stefan

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.

Suggested Citation

  • Belliveau, Stefan, 2013. "Demography of political economy : the baby-boom generation," MPRA Paper 46912, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:46912
    as

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    File URL: https://mpra.ub.uni-muenchen.de/46912/1/MPRA_paper_46912.pdf
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    References listed on IDEAS

    as
    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.
    2. Peter S. Yoo, 1994. "Boom or bust? the economic effects of the baby boom," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 13-22.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Demography; US; 1945-2046; economic growth; neoclassical growth model; population dynamics;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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