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 |
|---|---|
| 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