1960s
1970s
1980s
A01=Diane J. Macunovich
america
american
analysis
Author_Diane J. Macunovich
babies
baby boom
birthrate
boomers
Category=JHBD
Category=KCA
cohort
college
coming of age
cultural
culture
economic
economics
education
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
generation
generational
growing up
growth
historical
history
income
jobs
living
population
postwar
social
sociology
standard
trends
united states
usa
western world
wwii
young adult
Product details
- ISBN 9780226500836
- Weight: 567g
- Dimensions: 16 x 24mm
- Publication Date: 15 May 2002
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
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Between 1965 and 1985, the Western world - and the United States in particular - experienced a staggering amount of social and economic change. In Birth Quake, Diane J. Macunovich argues that the common thread underlying all these changes was the post-World War II baby boom - in particular, the passage of the baby boomers into young adulthood. Macunovich focuses on the pervasive effects of changes in "relative cohort size," the ratio of young to middle-aged adults, as masses of young people tried to achieve the standard of living to which they had become accustomed in their parents' homes despite dramatic reductions in their earning potential relative to that of their parents. Macunovich presents the results of detailed empirical analyses that illustrate how varied and important cohort effects can be on a wide range of economic indicators, social factors, and even on more tumultuous events including the stock market crash of 1929, the "oil shock" of 1973, and the "Asian flu" of the 1990s. Birth Quake demonstrates that no discussion of business or economic trends can afford to ignore the effects of population.
