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http://ssrn.com/abstract=245837
 
 

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The Baby Boom, the Baby Bust, and the Housing Market


N. Gregory Mankiw


Harvard University - Department of Economics; National Bureau of Economic Research (NBER)

David N. Weil


Brown University - Department of Economics; National Bureau of Economic Research (NBER)

March 1990

NBER Working Paper No. w2794

Abstract:     
This paper examines the impact of major demographic changes on the housing market in the United States. The entry of the Baby Boom generation into its house-buying years is found to be the major cause of the increase in real housing prices in the l97Os. Since the Baby Bust generation is now entering its house-buying years, housing demand will grow more slowly in the 1990s than in any time in the past forty years. If the historical relation between housing demand and housing prices continues into the future, real housing prices will fall substantially over the next two decades.

Number of Pages in PDF File: 44

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Date posted: January 14, 2001  

Suggested Citation

Mankiw, N. Gregory and Weil, David N., The Baby Boom, the Baby Bust, and the Housing Market (March 1990). NBER Working Paper No. w2794. Available at SSRN: http://ssrn.com/abstract=245837

Contact Information

N. Gregory Mankiw (Contact Author)
Harvard University - Department of Economics ( email )
Littauer Center
Room 223
Cambridge, MA 02138
United States
617-495-4301 (Phone)
617-495-7730 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
David Nathan Weil
Brown University - Department of Economics ( email )
Box B
Providence, RI 02912
United States
401-863-1754 (Phone)
401-863-1970 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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