preview

Baby Boomer Research Paper

Decent Essays
Immigration, Baby Boomers, and U.S. Economic Policy in 21st Century
Michael Lowrey
West Chester University of Pennsylvania

In an effort to explore the interaction between U.S. Immigration Policy, Social Security, and their political impacts, the following scholarly sources were examined. Specifically, the “Baby Boomer” generation is retiring in much larger numbers and exercise both economic and political power. The following articles are current (1995) and provide a sample of the varied literature and interdisciplinary analysis available on the topic.

Borjas, G. (1995). The Economic Benefits from Immigration. The Journal of Economic Perspectives, 9(2), 3-22. Retrieved from http://www.jstor.org/stable/2138164

Economics Professor
…show more content…
budgetary shortfalls provide the basis of the analysis. The core assertion is a behavior prescriptive program of financial literacy, delayed retirement, financial advisory regulation. The study assumes no change in the high consumption levels of the Baby Boomer cohort, while identifying it as a primary driver in Old Dependency Ratio (ODR) market stress forecasts.
Wray, L. R. (2006). Social security in an aging society. Review of Political Economy, 18(3), 391-411. doi:10.1080/09538250600797925 Wray asserts progressive tax reform as a solution to forecasts of Social Security insolvency as Baby Boomers retire. The complexity of the U.S. tax code is cited as a functional problem lending to an exacerbation future insolvency margins. A tax model based on the square footage of an individual’s living space is among the suggestions that address both evasion and high consumption levels associated with Baby Boomer retirement years. The language in U.S. public political rhetoric is asserted to be an impediment to policy reform.
Shifting U.S. Demographics and Development Models: Immigration, Economy and the Workforce. (2007). Real Estate Issues, 32(1),
…show more content…
(2008). Aging baby boomers and the effect of immigration: Rediscovering the intergenerational social contract. Generations, 32(4), 18.

Myers presents a method where ODR is redefined as a Senior Ratio (SR) where only those from ages 25 to 64 are involved in workforce replenishment calculation forecasts. Specifically, the spike in Baby Boomer retirement is proposed as a destabilizing challenge due to generational housing market incongruence. Often a primary asset, the value of Baby Boomer real estate stock becomes a core economic indicator. Immigration policy, economic data, and the weight of public rhetoric are identified and offered as disparate sources providing a solution to forecasted budgetary shortfalls.
Kotkin, J., & Ozuna, E. (2012). AMERICA'S DEMOGRAPHIC FUTURE. Cato Journal, 32(1), 55-69. Retrieved from http://proxy-wcupa.klnpa.org/login? url=http://search.proquest.com.proxy-wcupa.klnpa.org/docview/
Get Access