Demographics and the trade balance.
A simulation model is used to examine the relationship between changes in the age compostition of the U.S. population and movements in the trade balance.  The author finds that "recent and projected shifts in the age compostition of the U.S. population are capable of producing large swings in the trade balance.  He concludes that much of the current trade deficit reflects mutually beneficial international exchange.  To that extent, the deficit should not be interpreted as a sign that U.S. living standards will decline."
Hill
J K
JK
D017677:Age Distribution; D000367:Age Factors; D000569:Americas; D003132:Commerce; D003710:Demography; D019049:Developed Countries; D004467:Economics; D008962:Models, Theoretical; D009656:North America; D011153:Population; D011154:Population Characteristics; D012106:Research; D012959:Socioeconomic Factors; D014481:United States
Age Distribution--changes; Age Factors; Americas; Commerce; Demographic Factors; Developed Countries; Economic Factors; Macroeconomic Factors; Models, Theoretical; North America; Northern America; Population; Population Characteristics; Research Methodology; Socioeconomic Factors; Standard Of Living; United States