Baby Busts and Growth Booms: Demographic Change and the Macroeconomy
Daron Acemoglu, David Autor, Keelan Beirne & Andrew Scott The secular decline in birth rates across the globe over the past seven decades has slowed population growth, raised average ages, and reshaped labor markets and the macroeconomy. Contrary to the widespread expectation that these trends hamper economic growth, we find lower birth rates are associated […]
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