
Contents
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Relative Cohort Size and Male Relative Income Relative Cohort Size and Male Relative Income
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First-order Effects of Relative Cohort Size First-order Effects of Relative Cohort Size
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Second-Order Effects of Relative Cohort Size Second-Order Effects of Relative Cohort Size
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Marriage, Divorce, Fertility, Female Labor Force Participation, and College Enrollments Marriage, Divorce, Fertility, Female Labor Force Participation, and College Enrollments
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The Emergence of the “Career Woman” The Emergence of the “Career Woman”
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Crime, Suicide, and Drug Use Crime, Suicide, and Drug Use
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Living Arrangements Living Arrangements
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Retirement Behavior among the Elderly Retirement Behavior among the Elderly
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Third-Order Effects of Relative Cohort Size Third-Order Effects of Relative Cohort Size
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Industrial Structure, Gross Domestic Product, and Productivity Industrial Structure, Gross Domestic Product, and Productivity
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Average Wages Average Wages
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Inflation, Interest, and Savings Rates—and the Stock Market? Inflation, Interest, and Savings Rates—and the Stock Market?
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Savings Rates Savings Rates
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The Demand for Goods and Services and GDP Growth The Demand for Goods and Services and GDP Growth
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Inflation Inflation
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Age Structure and Economic Slumps Age Structure and Economic Slumps
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The Relevance of Age Structure in Developing Economies The Relevance of Age Structure in Developing Economies
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Demographic Influences on the Stock Market Demographic Influences on the Stock Market
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The Net Effect: The Big Picture The Net Effect: The Big Picture
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A Road Map to the Chapters in This Book A Road Map to the Chapters in This Book
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Overview: The Birth Quake and Its Aftershocks
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Published:May 2002
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Abstract
This chapter summarizes the evidence that seems to explain how so much of the social and economic change over the last fifty years has been related to the post-WWII baby boom and that generation's passage through the life cycle, and how the baby boom itself was probably triggered. It also concentrates on birth cohorts and addresses the relative cohort size effects. Together with increasing divorce rates, declining fertility and marriage rates and increased female college enrollment and labor force participation seem to correspond with an economic model based on the female wage and on male relative income and the college wage premium. With respect to gross domestic product growth, savings rates and inflation indicate a possible link between changing age structure and some of the severe economic downturns experienced here and abroad. Finally, an overview of the chapters included in this book is provided.
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