Friday, August 23, 2019

Lawler: Updated "Demographic" Outlook Using Recent Population Estimates by Age

From housing economist Tom Lawler: Updated "Demographic" Outlook Using Recent Population Estimates by Age Executive Summary: Analysts who use intermediate or long term population projections to forecast key economic variables such as labor force growth, household growth, etc. should recognize that the latest official Census intermediate and long term population projections (produced in 2017 and referred to as "Census 2017") are out of date. Specifically, Census 2017 materially over-predicted births, materially under-predicted deaths (mainly for non-elderly adults), and somewhat over-predicted ......(read more)
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