The baby boomers and the productivity slowdown

Guillaume Vandenbroucke

European Economic Review, 2021, vol. 132, issue C

Abstract: The entry of baby boomers into the labor force in the late 1960s and 1970s slowed growth for physical and human capital per worker because young workers have little of both. Thus, the baby boom could have contributed to the productivity slowdown. I build and calibrate a model à la Huggett et al. (2011) with exogenous population growth, life expectancy, retirement and TFP to evaluate this theory. The baby boom alone accounts for 53% of the slowdown in the period 1964-69, 18% in 1970-74 and 6% in 1975-79.

Keywords: Demography; Baby boom; Aggregate productivity; Productivity slowdown; Human capital (search for similar items in EconPapers)
JEL-codes: E24 J11 J24 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0014292120302397
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The Baby Boomers and the Productivity Slowdown (2019)
Working Paper: The Baby Boomers and the Productivity Slowdown (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:132:y:2021:i:c:s0014292120302397

DOI: 10.1016/j.euroecorev.2020.103609

Access Statistics for this article

European Economic Review is currently edited by T.S. Eicher, A. Imrohoroglu, E. Leeper, J. Oechssler and M. Pesendorfer

More articles in European Economic Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().