Economic policies rely on demographic projections. Yet in making these projections, researchers often ignore the aspect of household formation - despite sustained trends in many industrialized countries towards smaller household units with fewer members. Over the long term, this trend is likely...

Acknowledgments -- Lessons from demography -- Introduction -- "The wonderful, terrible, inscrutable economy" -- Historical change, economic behavior, and demographics -- The demographic portrait -- Generation X and the effects of population change -- What this portrait tells us -- Implications...