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The baby boom and international capital flows

Peter S. Yoo

No 1994-031, Working Papers from Federal Reserve Bank of St. Louis

Abstract: 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)
Date: 1994
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