The Age Distribution and Business Cycle Volatility: International Evidence
8 Pages Posted: 6 Oct 2013
Date Written: November 1, 2011
We estimate the age distribution’s effect on business cycle fluctuations across a large number of countries. A 10 percentage point increase in the middle-aged share of the population decreases output volatility by 15 percent for the average country.
Keywords: Business Cycles, Demographics
JEL Classification: E32, J10
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