Birth and Fortune

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In this influential work, Richard A. Easterlin shows how the size of a generation--the number of persons born in a particular year--directly and indirectly affects the personal welfare of its members, the make-up and breakdown of the family, and the general well being of the economy. "(Easterlin) has made clear, I think unambiguously, that the baby-boom generation is economically underprivileged merely because of its size. And in showing this, he demonstrates that population size can be as restrictive as a factor as sex, race, or class on equality of opportunity in the U.S."--Jeffrey Madrick, "Business Week