title: The macroeconomic impact of the baby boom generation.
abstract: "This paper analyzes the impact of the Baby Boom generation on macroeconomic relationships in the United States.  Using quarterly postwar data, it finds that measures of population age composition influenced real interest rates, income, inflation, and unemployment.  The demographic variables complement or dominate other economic variables in reduced-form macroeconomic specifications.  The paper also projects how the aging of the generation may influence future macroeconomic activity."
authors.forename: H M
authors.initials: HM
authors.lastname: Mcmillan
authors.forename: J B
authors.initials: JB
authors.lastname: Baesel
mesh_terms: D017677:Age Distribution; D000367:Age Factors; D000569:Americas; D003710:Demography; D019049:Developed Countries; D004467:Economics; D004651:Employment; D005298:Fertility; D007182:Income; D007250:Inflation, Economic; D009656:North America; D011153:Population; D011154:Population Characteristics; D011157:Population Dynamics; D011158:Population Growth; D012959:Socioeconomic Factors; D014478:Unemployment; D014481:United States
keywords: Age Distribution; Age Factors; Americas; Baby Boom; Demographic Aging; Demographic Factors; Demographic Impact; Developed Countries; Economic Conditions; Economic Factors; Employment; Fertility; Income; Inflation; Macroeconomic Factors; North America; Northern America; Population; Population Characteristics; Population Dynamics; Socioeconomic Factors; Unemployment; United States