Major demographic changes have occurred in the U.S. that will significantly affect future demand for housing and economic growth. Net household formation is at a peak now because of the baby boom of the last generation. Current job and housing demands by young adults will continue for 10 years and then reverse as the impact of the current declining birth rate is felt. This paper analyzes the potential effects of population growth rate and age structure on potential housing demand, based on three alternate assumptions for population and economic growth. (Author).
This highly readable study explains how complexity science provides an evolutionary model for the civil system, with a new world view that out-ranges United Nations reference scenarios to beyond 2150.
The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of how economists now view the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changed nature of industries and occupations. Professor Abramovitz asks why elevated incomes failed to bring the social progress and personal satisfaction that people had looked for. The final chapters in the book take up the causes of our discontent and consider whether the Welfare State has itself become an obstacle to further economic progress.The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of how economists now view the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changed nature of industries and occupations. Professor Abramovitz asks why elevated incomes failed to bring the social progress and personal satisfaction that people had looked for. The final chapters in the book take up the causes of our discontent and consider whether the Welfare State has itself become an obstacle to further economic progress.
