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Journal Article
The baby boom, the baby bust, and asset markets
Journal Article
Proposals for reforming Social Security
Journal Article
Who has benefited from California's recovery?
Journal Article
Cyclical and demographic influences on the distribution of income in California
The California economy is stronger than it has been in a number of years. Employment growth is solid, unemployment is low, and consumer confidence is high. Despite these strengths, research suggests that the living standards of families at many percentiles of the California income distribution remain below those of comparable families in previous expansions. In this paper, we examine how business cycle timing and changes in demographic structure have affected family income growth in California during the 1990s. We find that demographic and cyclical factors have served to temper family ...