The Young, the Old, and the Restless: Demographics and Business Cycle Volatility
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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 U.S. and other G7 economies. During the postwar period,
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美国国家经济研究局创建时间：
2008-06-01
