composition of the labor force account for a significant fraction of the variation in business cycle volatility observed in the U … that the age composition of the workforce has a large and statistically significant effect on cyclical volatility. We … conclude by relating these findings to the recent decline in U.S. business cycle volatility. Using both simple accounting …

composition of the labor force account for a significant fraction of the variation in business cycle volatility observed in the U … that the age composition of the workforce has a large and statistically significant effect on cyclical volatility. We … conclude by relating these findings to the recent decline in U.S. business cycle volatility. Through simple quantitative …

distribution in the population and the magnitude of cyclical output volatility. According to panel regression estimates the … relative supply of young workers, or youth share, has a statistically significant effect on the volatility of state … business cycle fluctuations, indicating a critical link between the youth share and output volatility …