The Age Distribution and Business Cycle Volatility: International Evidence

8 Pages Posted: 6 Oct 2013

See all articles by Steven Lugauer

Steven Lugauer

University of Kentucky - Department of Economics

Michael Redmond

University of Notre Dame

Date Written: November 1, 2011

Abstract

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

Suggested Citation

Lugauer, Steven and Redmond, Michael, The Age Distribution and Business Cycle Volatility: International Evidence (November 1, 2011). Available at SSRN: https://ssrn.com/abstract=2334367 or http://dx.doi.org/10.2139/ssrn.2334367

Steven Lugauer (Contact Author)

University of Kentucky - Department of Economics ( email )

Lexington, KY 40506
United States

Michael Redmond

University of Notre Dame

361 Mendoza College of Business
Notre Dame, IN 46556-5646
United States

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