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.
Original language | English |
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Pages (from-to) | 694-696 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 117 |
Issue number | 3 |
DOIs | |
State | Published - 2012 |
Keywords
- Business cycles
- Demographics
- Panel data
ASJC Scopus subject areas
- Finance
- Economics and Econometrics