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Journal Article
Are displaced workers now finished at age forty?
Rodriguez, Daniel; Zavodny, Madeline (2000-04)
In recent years, the media has devoted considerable attention to the effects of downsizing and corporate restructuring on U.S. workers. Economists as well as the media have focused in particular on the plight of laid-off, or "displaced," middle-aged workers. Because many displaced workers incur significant costs, the displacement rate and the effects of displacement on workers are of concern to policymakers. ; The conventional wisdom that middle-aged workers face an increased risk of being displaced and increased difficulties after displacement is partially borne out by this article's ...
Economic Review , Volume 85 , Issue Q2 , Pages 33-48

Working Paper
Population growth and asset prices
Yoo, Peter S. (1997)
This paper explores the theoretical relationship between the population growth rate and asset prices implied by an overlapping-generations model. The model shows that changes in a population's age distribution affect asset prices but such changes generate low frequency movements in asset prices. The model also shows that the treatment of expectations matter; a small response of individuals to changes in asset prices has large implications for the path of asset prices. Finally, the model shows that incorporating a supply of assets by interpreting an asset as a claim on physical capital ...
Working Papers , Paper 1997-016

Journal Article
Economic policy implications of world demographic change
Johnson, Richard (2004-01)
Demographic changes over the next 50 years will affect the world economy in many ways. Some of these effects will be beneficial. In developing countries, for example, falling birthrates will enable women to supply more paid labor and families to invest more in the education of each child. Other demographic changes will cause economic problems. In developed countries, population aging is likely to imply government pension systems cannot continue with their current rules. Population growth in developing countries could also change patterns of world trade and thereby reduce the wages of some ...
Economic Review , Volume 89 , Issue Q I , Pages 39-64

Speech
The national and regional economic outlook
Dudley, William (2011)
Remarks at Fordham University's Gabelli School of Business, Bronx, New York.
Speech , Paper 69

Speech
The road to recovery: Brooklyn
Dudley, William (2011)
Remarks by President Dudley at the Brooklyn Chamber of Commerce Brooklyn Borough Hall, Brooklyn, New York.
Speech , Paper 58

Journal Article
Demographics, redistribution, and optimal inflation
Garriga, Carlos; Waller, Christopher J.; Bullard, James B. (2012-11)
The authors study the interaction among population demographics, the desire for intergenerational redistribution of resources in the economy, and the optimal inflation rate in a deterministic life cycle economy with capital. Young cohorts initially have no assets and wages are the main source of income; these cohorts prefer relatively low real interest rates, relatively high wages, and relatively high rates of inflation. Older cohorts work less and prefer higher rates of return from their savings, relatively low wages, and relatively low inflation. In the absence of intergenerational ...
Review , Issue Nov , Pages 419-440

Speech
The coming demographic transition: will we treat future generations fairly?
Bernanke, Ben S. (2006)
a speech at the Washington Economic Club, Washington, D.C.
Speech , Paper 234

Working Paper
Projected U.S. demographics and social security
Imrohoroglu, Selahattin; Sargent, Thomas J.; De Nardi, Mariacristina (1998)
Without policy reforms, the aging of the U.S. population is likely to increase the burden of the currently unfunded social security and medicare systems. In this paper we build an applied general equilibrium model and incorporate the population projections made by the Social Security Administration (SSA) to evaluate the macroeconomic and welfare implications of alternative fiscal responses to the retirement of the baby- boomers. Our calculation suggest that it will be costly to maintain the benefits at the levels now promised because the increases in distortionary taxes required to finance ...
Working Paper Series , Paper WP-98-14

Speech
World population trends and challenges
Poole, William (2004)
Presentation at Lincoln University, Jefferson City, Mo., Oct. 4, 2004
Speech , Paper 15

Speech
The recovery and monetary policy
Dudley, William (2012)
Remarks at the National Association for Business Economics Annual Meeting, New York City.
Speech , Paper 89

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