Birth and Fortune: The Impact of Numbers on Personal Welfare
In this influential work, Richard A. Easterlin shows how the size of a generation—the number of persons born in a particular year—directly and indirectly affects the personal welfare of its members, the make-up and breakdown of the family, and the general well being of the economy.
"[Easterlin] has made clear, I think unambiguously, that the baby-boom generation is economically underprivileged merely because of its size. And in showing this, he demonstrates that population size can be as restrictive as a factor as sex, race, or class on equality of opportunity in the U.S."—Jeffrey Madrick, Business Week
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adult equivalent age groups American APPENDIX TABLE baby boom baby boomers baby bust behavior Bureau Census changes chapter cohort couple's crime decades decline demographic deterioration divorce earnings Easterlin effect ex post relative experience factor feel female figure Government Printing Office Hence homicide illegitimacy immigration impact income of young income per adult inflation Kuznets cycle labor demand labor force participation labor market males marital marriage married couple families Martin O'Connell ment Michael L Morton Owen Schapiro nomic number of young older women older workers parents percent percentage period persons policies population growth proportion of younger prospects recent relative numbers relative to older rise roles scarcity shift Simon Kuznets Social stagflation suicide rate swing theory tion trend twenty U.S. Department U.S. Government Printing unem unemploy Wachter wage Washington wives World War II young adults young couples younger and older younger to older younger women younger workers