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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.



Item Type: MPRA Paper -

Original Title: Demography of political economy : the baby-boom generation.-

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 ForecastsO - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models-





Autor: Belliveau, Stefan

Fuente: https://mpra.ub.uni-muenchen.de/46912/







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