The baby boom and international capital flows
Peter S. Yoo
No 1994-031, Working Papers from Federal Reserve Bank of St. Louis
This paper presents a model of economic growth based on the life-cycle hypothesis to determine the path of international capital flows as the baby boom passes through the U.S. economy. The model predicts that a baby boom causes a temporary increase in capital flow into the U.S. but the increase in capital is not sufficient to maintain the capital-labor ratio in the U.S. The baby boom increases saving in the U.S. but decreases the saving abroad due to the higher world interest rates.
Keywords: Economic conditions - United States; International finance (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlwp:1994-031
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