This study examines the issue of age-structure transitions and intergenerational transfers from a macro rather than a micro perspective: to what extent might changing age structure, brought about by the demographic transition and subsequent baby booms and busts, have contributed to economic fluctuations experienced in countries around the globe in the last century? And to what extent might intergenerational and interhousehold transfers have confounded attempts to quantify this relationship? These issues are explored here using data for the United States throughout the 20th century, as the United States moved from “developing” to “developed” status.
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Macunovich, D.J. (2007). Effects of Changing Age Structure and Intergenerational Transfers on Patterns of Consumption and Saving. In: Gauthier, A.H., Chu, C.Y.C., Tuljapurkar, S. (eds) Allocating Public and Private Resources across Generations. International Studies In Population, vol 3. Springer, Dordrecht. https://doi.org/10.1007/978-1-4020-4481-6_10
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