NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Young, the Old, and the Restless: Demographics and Business Cycle Volatility

Nir Jaimovich, Henry E. Siu

NBER Working Paper No. 14063
Issued in June 2008

---- Acknowledgements -----

We thank Manuel Amador, Gadi Barlevy, Paul Beaudry, Larry Christiano, Julie Cullen, Marty Eichenbaum, David Green, Karen Kopecky, Valerie Ramey, Sergio Rebelo, Victor RĂ­os-Rull, Jim Sullivan, and numerous workshop and seminar participants for helpful comments. Hide Mizobuchi, Subrata Sarker, Shun Wang, and especially, Seth Pruitt and Josie Smith provided expert research assistance. Part of this work was completed while Siu was a visiting scholar at the Federal Reserve Bank of Minneapolis during the 2006-07 academic year, and he thanks them for their support and hospitality. Siu also thanks the SSHRC of Canada for support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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