Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
The effects of the changing U.S. age distribution on various macroeconomic equations are examined in this paper. The equations include consumption, housing-investment, money-demand, and labor-force-participation equations. There seems to be enough variance in the age-distribution data to allow reasonably precise estimates of the effects of the age distribution on the macro variables. Copyright 1991 by American Economic Association.