Estimating the effect of the age distribution on cyclical: Output volatility across the United States

Research output: Contribution to journalArticlepeer-review

10 Scopus citations

Abstract

I exploit the variation in demographic change across the United States to estimate the relationship between the age distribution in the population and the magnitude of cyclical output volatility. According to panel regression estimates, the relative supply of young workers, or youth share, has a statistically significant effect on the volatility of state-by-state GDP. Moreover, changes to the age distribution can account for up to 58% of the recent reduction in business cycle fluctuations, indicating a critical link between the youth share and output volatility.

Original languageEnglish
Pages (from-to)896-902
Number of pages7
JournalReview of Economics and Statistics
Volume94
Issue number4
DOIs
StatePublished - 2012

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

Fingerprint

Dive into the research topics of 'Estimating the effect of the age distribution on cyclical: Output volatility across the United States'. Together they form a unique fingerprint.

Cite this