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Don't worry, we'll grow out of it: an analysis of demographics, consumer spending, and foreign debt

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  • Michael F. Bryan
  • Susan M. Byrne

Abstract

An analysis of the impact of the baby-boom generation's inrush into the work force on consumer spending, debt, and foreign investment, finding evidence that age demographics are a strong determinant of aggregate household consumption.

Suggested Citation

  • Michael F. Bryan & Susan M. Byrne, 1990. "Don't worry, we'll grow out of it: an analysis of demographics, consumer spending, and foreign debt," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct.
    • Handle: RePEc:fip:fedcec:y:1990:i:oct1
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    References listed on IDEAS

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    1. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-987, December.
    2. John K. Hill, 1989. "Demographics and the trade balance," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Sep, pages 1-11.
    3. Christopher D. Carroll & Lawrence H. Summers, 1991. "Consumption Growth Parallels Income Growth: Some New Evidence," NBER Chapters, in: National Saving and Economic Performance, pages 305-348, National Bureau of Economic Research, Inc.
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    Cited by:

    1. David E. Altig, 1990. "The case of the missing interest deductions: will tax reform increase U. S. saving rates?," Economic Review, Federal Reserve Bank of Cleveland, vol. 26(Q IV), pages 22-34.

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