Add to ORKGIn this paper we investigate the consequences of demographic change for business cycle analysis. We find that changes in the age composition of the labor force account for a significant fraction of the variation in business cycle volatility observed in the US and other G7 economies. During the postwar period, these countries have experienced dramatic demographic change, though details regarding extent and timing differ from place to place. Using panel data methods, we exploit this variation to show that the age composition of the workforce has a large and statistically signifi-cant effect on cyclical volatility. We conclude by relating these findings to the recent decline in US business cycle volatility. Through simple quanti-tative account...
Demographics, especially the size and the age composition of the population, contribute substantiall...
In this paper, we show that (i) the volatility of worker flows increases with age in US CPS data, an...
We develop a dynamic factor model with Markov switching to examine secular and business cycle fluctu...
We investigate the consequences of demographic change for business cycle analysis. We find that chan...
We investigate the consequences of demographic change for business cycle analysis. We find that chan...
Labour composition by gender, age, and education has undergone dramatic changes over the last half c...
The demographic composition of the U.S. labor force has changed dramatically over the past several d...
Labor composition by gender, age, and education has undergone dramatic changes over the last forty y...
numerous workshop and seminar participants for helpful comments. Hide Mizobuchi, Subrata Sarker
Do the implications for business cycle issues change when we switch from studying infinitely lived,...
Labor market fluctuations over the business cycle differ greatly for individuals of different ages. ...
This thesis is a collection of three essays on the effect of demographic changes on the economy. In ...
This paper investigates the cyclical responsiveness of participation in the labour force. We examine...
We analyze the impact of short-run economic fluctuations on age-specific mortality using Bayesian ti...
This paper examines the effects of demographic dynamics on the measured rates of economic growth. It...
Demographics, especially the size and the age composition of the population, contribute substantiall...
In this paper, we show that (i) the volatility of worker flows increases with age in US CPS data, an...
We develop a dynamic factor model with Markov switching to examine secular and business cycle fluctu...
We investigate the consequences of demographic change for business cycle analysis. We find that chan...
We investigate the consequences of demographic change for business cycle analysis. We find that chan...
Labour composition by gender, age, and education has undergone dramatic changes over the last half c...
The demographic composition of the U.S. labor force has changed dramatically over the past several d...
Labor composition by gender, age, and education has undergone dramatic changes over the last forty y...
numerous workshop and seminar participants for helpful comments. Hide Mizobuchi, Subrata Sarker
Do the implications for business cycle issues change when we switch from studying infinitely lived,...
Labor market fluctuations over the business cycle differ greatly for individuals of different ages. ...
This thesis is a collection of three essays on the effect of demographic changes on the economy. In ...
This paper investigates the cyclical responsiveness of participation in the labour force. We examine...
We analyze the impact of short-run economic fluctuations on age-specific mortality using Bayesian ti...
This paper examines the effects of demographic dynamics on the measured rates of economic growth. It...
Demographics, especially the size and the age composition of the population, contribute substantiall...
In this paper, we show that (i) the volatility of worker flows increases with age in US CPS data, an...
We develop a dynamic factor model with Markov switching to examine secular and business cycle fluctu...