Download Agequake: Riding the Demographic Rollercoaster Shaking by Paul Wallace PDF

By Paul Wallace

ISBN-10: 1857881931

ISBN-13: 9781857881936

This is often the first-ever, really international, indepth examine the large results of the demographic rolllercoaster and what it capability for employment, investments, new company improvement, advertising and the industrial energy map of the area.

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Extra resources for Agequake: Riding the Demographic Rollercoaster Shaking Business, Finance, and Our World

Sample text

Adam Smith noted in 1776 that they were `frequently courted as a sort of fortune. '31 The same link between fertility and the economy was at work in the interwar years in countries like the US and the UK. This time, with the economy depressed and unemployment at record highs, the number of people who never married soared and the birth rate fell. The puzzle posed by the postwar baby boom and bust is why fertility should have fallen while living standards have continued to rise. 32 AGEQUAKE The most influential explanation, formulated by Nobel prize winner Gary Becker, is that the cost of children has risen sharply.

In the past 15 years, inflows into the US have hit postwar record levels. Net immigration, both legal and illegal, has been running at around 800,000 a year in the 1990s. Inflows into Germany after the Berlin Wall came down have been just as eyecatching. At its peak in 1992, net immigration was almost 800,000. 40 Short-run surges in immigration are hard to predict: no one could have anticipated the collapse of the Soviet Union, for example. However, the longer-term increase in immigration over the past 15 years should have come as less of a surprise.

31 The same link between fertility and the economy was at work in the interwar years in countries like the US and the UK. This time, with the economy depressed and unemployment at record highs, the number of people who never married soared and the birth rate fell. The puzzle posed by the postwar baby boom and bust is why fertility should have fallen while living standards have continued to rise. 32 AGEQUAKE The most influential explanation, formulated by Nobel prize winner Gary Becker, is that the cost of children has risen sharply.

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